One of the major drivers for doctors considering dispensing pharmaceuticals from their clinics is the potential revenue.
The U.S. Bureau of Labor Statistics shows:
- About 633,000 working doctors in the United States.
- About half work in physician offices
- 15% are self-employed
- 40% or all working physicians are general practitioners
- On average, general practice physicians earn about $166,400 per year
With reimbursements dropping (Medicare reimbursement dropped 5%), physicians are looking for creative ways to reduce costs and increase revenues.
Enter physician dispensing.
With physician dispensing, patients are offered prepackaged pharmaceuticals before they leave the office. One study shows that general practice physicians see almost 20 patients each day, many of them requiring a prescription. Offering patients medications before they leave the office not only simplifies access to medication and reduces errors, it provides an avenue of revenue that was previously only enjoyed by pharmacies. Yet for all of the benefits, it is estimated that just under 10,000 physicians dispense from their practices.
Physician dispensing just makes sense for businesses looking to increase revenue. Northwind Pharmaceuticals has solutions for all types of healthcare organizations, making the implementation of in-house dispensing seamless. Contact us today to learn how we can help you provide convenience to your patients while generating supplemental revenue!