When it comes to prescribing patterns of general practice physicians, there are similar trends among practices. These trends often show that the practice could benefit from in-house dispensing.
Let’s Dig Deeper
Take, for example, a well-established family practice with a single physician who is taking advantage of in-house dispensing. The physician averages 19 prescriptions each day. Of those, about 53% are medications that can be dispensed from his office. So, everyday he is dispensing about 10 items to his patients.
The average cost to the patient is $15 while the average cost to the physician $3.25. That means the clinic is generating $11.75 for each prescription, or $117.50 per day. Assuming the practice is operating 45 weeks of the year, the physician’s annual profit $26,438. In this case, the physician benefits by increasing his revenue while not hiring any additional help and the patient benefits by receiving medications at a lower cost than a pharmacy.
Medication dispensing is not a “get rich quick” program. Rather, it is a viable supplement to a responsible practice. With virtually no additional overhead cost, medication dispensing can increase a physician’s net revenue from the practice. In addition, pharmaceutical dispensing helps save the patient money and adds value through convenience.
Northwind Pharmaceuticals is your partner in this win-win situation. Our solutions make offering in-house medications seamless and simple. To learn more about how we can help your practice grow,contact us today!