Grow Your Business Through Medication Adherence
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The document outlines a four-step medication adherence program designed to enhance patient outcomes and increase revenue for pharmacies. It emphasizes the importance of leveraging technology for medication synchronization and patient engagement, ultimately leading to increased prescriptions and profits. Additionally, it highlights the role of organizations like Starwellness and demonstrates financial benefits through detailed calculations.
Grow Your Business Through Medication Adherence
- 1. Grow Your Business through Medication Adherence McKesson #ideaShare2015
- 2. 2 An adherence program can: • Improve adherence and outcomes • Impact Star Ratings • Increase revenue from existing patients • Attract valuable new patients
- 3. 3 4 – Step Adherence Program 1 2 3 4 Identify Recruit Conduct Sustain
- 4. 4 We are PrescribeWellness Tony Chow, Business Development Specialist
- 5. 55 What We Deliver Leverage Technology Enabled Med Sync
- 6. 6 What We Deliver Leverage Technology Enabled Med Sync 6 StarWellness NCPA, APhA, and NASPA are promoting it
- 7. 77 StarWellness Leverage Technology Enabled Med Sync Revenue Per Patient Enrolled in Med Sync $200 - $260 3.4 visits per year x 5.9 average scripts per patient = 20 additional scripts per patient per year
- 9. 9 Identifying Patients: Star Ratings 9
- 14. 14 4 – Step Adherence Program 1 2 3 4 Identify Recruit Conduct Sustain
- 15. 15 Maximize Your Adherence Program Comprehensive Medication Review Synchronization PASS Packaging 15
- 16. 1616
- 18. 1818 Before PASS With PASS 1 Existing patients 1 5 Scripts per patient 8 $10 Profit per prescription * $10 0 OTC per patient 4 $3 Profit per OTC * $3 9 Fills per year 12 $450 Profit per year * $1,104 Difference in profit per patient per year * = $654 Larger profits — in the bag.
- 19. 19 Let’s talk about your plan. See the power of PrescribeWellness in a demo. Learn how you can grow with Parata PASS. 19
Editor's Notes
- #5: Intro Name/Company Partnership-Parata/PW-1 year free Everyone here trying to address compliance, loyalty, star ratings
- #6: Since here at Parata booth looking to purchase a Parata Machine -Not only the best machine/ will receive PW StarWellness program Who is doing med sync today?
- #7: -congratulate those doing med sync -lots of moving pieces, done right profit/heathier patients/star ratings -NCPA etc promoting it
- #8: -Financial benefits of med sync -imagine going back to pharmacy making extra 200-260 -question not med sync work or not (scale/sustain/incorporate successfully) -PW med sync easy simple -4 buckets (what allows us is integration with pharmacy system) -Great system pill centric to patient centric, PW provide data on nice cake dish
- #9: Missed opportunities/top demographics
- #10: Star ratings-sync patients
- #11: Traditional-see patient often sync patient Who else is a good patient? Click a few buttons to identify-save time
- #12: Traditional-sign in front of door, click one button communicate patient
- #13: Traditional-calculating manually, click one button
- #14: Sustain-big desk calendar/electronic calendar Fill/pick up -can do demo after presentation -lots of changes in industry, boils down to performance, Parata + PW = best action plan -pass over to Parata
- #19: * For the purpose of this tool, we are defining "profit" as your prescription and OTC sales minus the cost of goods sold.