What is Point of Care Dispensing?
Point of care dispensing is when the physician directly provides medications to their patient instead of handing their patient a prescription to take to a pharmacy.
What level of Income can I expect?
Physicians can expect to generate $ 25,000 to well over $100,000 per year in additional income without having to see one additional patient. This amount will vary depending upon the number of patients seen per day and individual prescribing patterns.
How much time will it take to dispense?
It literally takes less than one minute to dispense medications to a patient with no additional staff time necessary to process insurance claims. In addition, your staff will now save countless hours a day not having to deal with pharmacies placing or verifying patient prescriptions.
Can our patients use insurance?
For patients with pharmacy benefits, often the better and sometimes more profitable solution is the cash/carry program. However with MyRx® you have a choice. With our billing scripts program, your practice can also adjudicate claims for both commercial and Medicare insurance.
Are there any start-up costs?
MyRx® will help you all the way to make sure you can get this opportunity going. We have established an easy path for you to be able to get started. Through our ongoing relationship with BVVA Compass Bank, you can apply to a credit card with a rotatory line of credit of up to $ 10,000. To get you started, necessary supplies include a bar code scanner, laser printer, an initial supply of pharmacy paper, and the first inventory order. The credit card with BVVA Compass will provide you with an initial loan at 0 % for the first 6 months, to make sure you can get started in the best terms possible.
Will I have to bottle my own medications?
All your medications will arrive in a safety sealed pre-labeled unit of use bottle that is ready to dispense directly to your patient.
Is dispensing medicines even legal?
The short answer is that out of all 50 states, Utah is the only state that currently outlaws dispensing completely.
In 44 out of 49 remaining states in the U.S., it is absolutely legal for physicians to dispense. Five states impose various restrictions on in-office dispensing, ranging from separate dispensing license requirements for dispensing providers to limiting profit margins on medication dispensed.
The five states carrying additional restrictions are:
• New Jersey
• New York
• Massachusetts
• Montana
• Texas
If your practice is in one of these states, you should check the legal restrictions that specifically apply.
Generally, a physicians’ medical license grants the right to dispense medications to patients, although state and Federal Laws do require that dispensed drugs be properly labeled, packaged, reported and stored a the practice. We can point out resources to help you determine the laws and regulations for your state; however, it is the responsibility of the medical practice to follow all laws and regulations of the state where your practice is located.
Who else is doing this?
Many years ago most physicians dispensed their own medications. With the rise of modern pharmacies most moved away from it. Modern technology, primarily high speed computers and fast data connections, have allowed S.A.S (Software As a Service) solutions to be developed that simplifies reporting and medicine management requirements. The dispensing practice of today spends only a fraction of the time spent by their counterparts only 5 years ago.
For this reason, point of care dispensing is actually growing quite rapidly today, but the fact that it is still early in the adoption cycle may have kept it under the radar for many physicians.
According to a recent survey by Advanstar Research, dispensing is one of the three ancillary services most frequently offered by primary care physicians in the U.S. (36 %), along with lab services ( 38 %) and radiology ( 34.2%).
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