- Complete an application to become a member physician and set up your practice profile
- Attend online training for your staff on insurance billing, inventory management, and using the dispensing software
- Begin offering FDA-approved pharmacogenetic test kits and pre-filled injection kits to patients using point-of-care billing
- The company handles insurance credentialing and adjudication of claims, minimizing practice expenses and workload
- With 10% patient penetration, the average practice could earn over $369,000 annually from kit dispensing and testing
Achieving Affordability with Visual Analytics; Variation Reduction as a Tool ...Michael van Duren
Achieving Affordability with Visual Analytics; Variation Reduction as a Tool to Engage Clinicians
Ingenix User Conference
May 2011
Michael van Duren, M.D., MBA
Sutter Health
A Project of the Sutter Medical Network
and Sutter Physician Services
Medicines optimisation, pop up uni, 9am, 3 september 2015NHS England
Expo is the most significant annual health and social care event in the calendar, uniting more NHS and care leaders, commissioners, clinicians, voluntary sector partners, innovators and media than any other health and care event.
Expo 15 returned to Manchester and was hosted once again by NHS England. Around 5000 people a day from health and care, the voluntary sector, local government, and industry joined together at Manchester Central Convention Centre for two packed days of speakers, workshops, exhibitions and professional development.
This year, Expo was more relevant and engaging than ever before, happening within the first 100 days of the new Government, and almost 12 months after the publication of the NHS Five Year Forward View. It was also a great opportunity to check on and learn from the progress of Greater Manchester as the area prepares to take over a £6 billion devolved health and social care budget, pledging to integrate hospital, community, primary and social care and vastly improve health and well-being.
More information is available online: www.expo.nhs.uk
Achieving Affordability with Visual Analytics; Variation Reduction as a Tool ...Michael van Duren
Achieving Affordability with Visual Analytics; Variation Reduction as a Tool to Engage Clinicians
Ingenix User Conference
May 2011
Michael van Duren, M.D., MBA
Sutter Health
A Project of the Sutter Medical Network
and Sutter Physician Services
Medicines optimisation, pop up uni, 9am, 3 september 2015NHS England
Expo is the most significant annual health and social care event in the calendar, uniting more NHS and care leaders, commissioners, clinicians, voluntary sector partners, innovators and media than any other health and care event.
Expo 15 returned to Manchester and was hosted once again by NHS England. Around 5000 people a day from health and care, the voluntary sector, local government, and industry joined together at Manchester Central Convention Centre for two packed days of speakers, workshops, exhibitions and professional development.
This year, Expo was more relevant and engaging than ever before, happening within the first 100 days of the new Government, and almost 12 months after the publication of the NHS Five Year Forward View. It was also a great opportunity to check on and learn from the progress of Greater Manchester as the area prepares to take over a £6 billion devolved health and social care budget, pledging to integrate hospital, community, primary and social care and vastly improve health and well-being.
More information is available online: www.expo.nhs.uk
Pharmacovigilance and Materiovigilance, Drugs and Cosmetics Actshashi sinha
Due to side effects of Medicines and Medical Devices increasing day by day it is important to monitor the Adverse Events arising out of use of Medicines and Medical Devices. The Pharmacovigilance and Materiovigilance monitors adverse events arising our of usage of Drugs and Medical Devices respectively. This chapter also deals with Drugs and Cosmetics Act 1940 and their important provisions.
This webinar slide-set illustrates the stepwise process of engaging Scalable Architecture for Federated Translational Inquiries Network (SAFTINet) practice stakeholders in
selecting and adapting a measure of patient-reported medication adherence.
For more information on SAFTINet, please see http://www.ucdenver.edu/academics/colleges/medicalschool/programs/outcomes/COHO/saftinet/Pages/default.aspx
Quality Use of Medicines means:
• Selecting management options wisely by:
Considering the place of medicines in treating illness and maintaining health, and
recognising that there may be better ways than medicine to manage many disorders.
• Choosing suitable medicines if a medicine is considered necessary so that the best available option is selected by taking into account:
- the individual
- the clinical condition
- risks and benefits
- dosage and length of treatment
- any co-existing conditions
- other therapies
- monitoring considerations
- costs for the individual, the community and the health system as a whole.
The purpose of this call is to learn how the Department of Family Medicine at Queen’s University was able to:
•Raise awareness about medication safety issues ‐ specifically medication reconciliation in primary care.
•Highlight the need for better communication and connectivity between hospitals, pharmacies, and primary care. (And how we can help each other.)
•Suggest that primary care take on a leadership role in medication safety ‐ we can (and should!) "own" the list.
•Stress the importance of medication reconciliation as a continuous, interdisciplinary, and collaborative activity.
Medication Adherence is a pressing issue in the healthcare setting. New advances in technology using mobile apps and smart devices are now changing the way we approach assessing patients medication adherence. However, this shift also allows a new chance to be engaged with patients regarding their medications and offers the opportunity to be more aware of medication related issues.
Patient Reported Outcomes (PRO) - Challenge and potential solutions.
Why and how can medical device and pharmaceutical companies, as well as the entire healthcare sector, leverage patient engagement with next-generation ePRO solutions?
Discover our white paper...
Pharmacovigilance and Materiovigilance, Drugs and Cosmetics Actshashi sinha
Due to side effects of Medicines and Medical Devices increasing day by day it is important to monitor the Adverse Events arising out of use of Medicines and Medical Devices. The Pharmacovigilance and Materiovigilance monitors adverse events arising our of usage of Drugs and Medical Devices respectively. This chapter also deals with Drugs and Cosmetics Act 1940 and their important provisions.
This webinar slide-set illustrates the stepwise process of engaging Scalable Architecture for Federated Translational Inquiries Network (SAFTINet) practice stakeholders in
selecting and adapting a measure of patient-reported medication adherence.
For more information on SAFTINet, please see http://www.ucdenver.edu/academics/colleges/medicalschool/programs/outcomes/COHO/saftinet/Pages/default.aspx
Quality Use of Medicines means:
• Selecting management options wisely by:
Considering the place of medicines in treating illness and maintaining health, and
recognising that there may be better ways than medicine to manage many disorders.
• Choosing suitable medicines if a medicine is considered necessary so that the best available option is selected by taking into account:
- the individual
- the clinical condition
- risks and benefits
- dosage and length of treatment
- any co-existing conditions
- other therapies
- monitoring considerations
- costs for the individual, the community and the health system as a whole.
The purpose of this call is to learn how the Department of Family Medicine at Queen’s University was able to:
•Raise awareness about medication safety issues ‐ specifically medication reconciliation in primary care.
•Highlight the need for better communication and connectivity between hospitals, pharmacies, and primary care. (And how we can help each other.)
•Suggest that primary care take on a leadership role in medication safety ‐ we can (and should!) "own" the list.
•Stress the importance of medication reconciliation as a continuous, interdisciplinary, and collaborative activity.
Medication Adherence is a pressing issue in the healthcare setting. New advances in technology using mobile apps and smart devices are now changing the way we approach assessing patients medication adherence. However, this shift also allows a new chance to be engaged with patients regarding their medications and offers the opportunity to be more aware of medication related issues.
Patient Reported Outcomes (PRO) - Challenge and potential solutions.
Why and how can medical device and pharmaceutical companies, as well as the entire healthcare sector, leverage patient engagement with next-generation ePRO solutions?
Discover our white paper...
Evidence-based medicine is the system of practicing medicine in such a way that it results in improving outcomes and reduces the overall healthcare cost.
https://www.cognibrain.com/importance-of-evidence-based-medicine-on-research-and-practice/
Drug Utilization in a regulated EnviormentAlok Anand
Tracking drugs across the supply chain in a regulated environment. This white paper brief on would be drug utilization approach of Life Science Industry. This white paper is just a step forward to show future life science industry process automation
What quality measures does the MCO have in placeSolutionManag.pdfformicreation
What quality measures does the MCO have in place?
Solution
Managed care organizations (MCOs) are responsible for ensuring that persons enrolled in their
plans receive quality health care. In addition, MCOs publicly funded through the Medicare and
Medicaid programs are required by State and Federal governments to meet certain quality
standards.
To fulfill their responsibilities, MCOs need ready access to a comprehensive array of evidence-
based clinical information and other clinical performance measures to enable them to evaluate
their providers\' performance and identify areas where improvement is needed. They also need to
know how their members feel about the care they receive and the way they are treated. Finally,
they need to ensure that both their providers and members are aware of the most recent
preventive care recommendations.
Valid, reliable, and cost-effective measurement tools must be available to make such
determinations, but these tools have not always been available. Furthermore, because the science
of performance measurement is relatively new, additional measures need to be developed and
those that have been developed can be improved. Therefore, to ensure that their enrollees in
MCOs receive high-quality care, MCOs need a reliable source to provide the most current and
scientifically sound tools.
In response to this need, the Agency for Healthcare Research and Quality (AHRQ) has funded
research to compile a database of evidence-based clinical guidelines and to develop clinical
performance measures, member satisfaction surveys, and preventive care recommendations that
can help MCOs meet their responsibilities. Additionally, AHRQ funds research and develops
performance measures and guidelines that MCOs, insurers, providers, and consumers can trust.
This report describes these tools and how they have been used and provides information on
where to learn more about them.
Background
Around one-half of insured Americans are enrolled in some form of managed care. However, as
the number of persons enrolled in MCOs increased in the 1990s, health care purchasers,
policymakers, and other stakeholders became concerned about the potential for health care
quality to diminish. In their view, the policies and practices imposed by MCOs to reduce what
MCOs define as unnecessary care might result in patients not receiving needed care. Therefore,
MCOs faced accreditation systems and other requirements to ensure that patients were receiving
the most appropriate care.
More recently, MCOs have had to address other emerging concerns such as: Rapid introduction
of new technologies, Data showing unexplained variations in the provision of care, Severe cost
pressures.
These factors have provided additional motivation to MCOs to develop systematic ways of
preserving and enhancing health care quality and cost-effectiveness.
Evidence-based practice guidelines and performance measures were developed to help ensure
that patients always receive the most appropri.
Canada’s Orphan Drug Regulatory Framework & panCanadian Access to Rare Diseas...
BioTech Medical Solutions - Pain RD short 8.5x11
1. May We Get to Know You?
How many patients do you see a day on average?
Are you currently utilizing pharmacogenomics testing?
Are you or have you ever dispensed Rx in your practice?
How familiar are you with NDC codes associated with
prescriptions?
2. Navigating Healthcare’s Changing Landscape
Physicians are looking for ways to practice precision medicine
that meet the following criteria:
Improves Patient Outcomes
Supports the Practice Income Objectives
Custom Cutting Edge Science
Risk Mitigation
Turn-key Practice Solutions
Includes Consulting & Support
Leading Science
Excellent Practice Support
Proven Track Record
Optimum Service
Licensed & Insured
Credentials & Regulation Compliant
We Evaluate Providers To Ensure:
3. Why Physicians Choose Biotech Medical Solutions
Dispensing for an Average Practice
There are many options available for your patients and your practice
In-Office Dispensing
PBSO – Pharmacy Benefit
Services
Phamacogenetics Kit
Toxicology Kit
Injectables
Medicated Kits
Medical Foods
Other Services
Compounding Pharmacy Services
HIPAA & ICD-10 Training
Patient Education Materials
Physician & Staff Telephone Support
Our unique offering includes our 1st to market NDC-coded
medicated kits.
1st To Market
4. Benefits of Dispensing to Patients
Patient Compliance and Care Monitoring
• Studies have estimated that 30-40% of prescribed medications go unfilled
• In-office dispensing respects patients’ time and will increase patient compliance
with medication regimens
Safety and Accuracy
• 6-8% percent of patients who receive medication from a pharmacy receive
incorrect dosages or drugs
• State regulatory boards have imposed harder restrictions for in-office dispensing
which has resulted in a reduction of error rates in comparison to filling medication
at a retail pharmacy
By implementing in-office dispensary you will be able to monitor a patient’s treatment
and prescription compliance, allowing for a higher level of safety and accuracy.
In the USA all 50 states have regulations governing physician dispensing, 46 states
allow physicians to participate in the profit from their practices that includes
dispensing pharmaceuticals.
5. Pharmacy Benefits Service Organization (PBSO)
Full Service Dispensing Partner - What Sets Us Apart
Completion and Submission of all Credentialing
Third-Party Payor Enrollments
Real Time In-Office Eligibility Verification
Pharmacy Billing Management
Insurance, Cash, and Workers’ Comp Claim Adjudications
Inventory Management
Live Customer Service and On-Site Support Training
24 Hour Access to Dispensing Reports
- Patient Fulfillment
- Accounting
- Inventory
6. The Case For Pharmacogenetic Testing
Adverse Drug Reactions are the
4TH LEADING
CAUSE OF DEATH
ahead of pulmonary disease, diabetes,
AIDS, and automobile deaths
Every year, more than 8.6 million adverse drug events
(ADRs) are reported in the US — 2.2 million of them are
severe.
In fact, ADRs are the fourth leading cause of death
nationwide, after heart disease, cancer and stroke, and
they place an enormous financial burden on the
healthcare system.
7. Pharmacogenetic testing provides insight into the four major “trial and error”
factors physicians have to battle with every prescription.
Which drug will work best for the patient?
How much does the patient need?
How will it interact with other substances?
Will it be likely to cause an adverse event or reaction?
Drug Metabolism, Interaction & Adverse Reactions
8. Preventing Adverse Drug Reactions
Even with proper prescribing, a
patient’s genetics can affect how they
metabolize and respond to drugs.
More than 85% of patients have
detectable variations in their DNA that
increase their risk for an ADR.
Pharmacogenetic testing determines a patient’s drug metabolizing capacity and physicians
are able to quickly find the safest, most effective drug and dose for each patient’s unique
genetics
10. A Pharmacogenetic Test may be utilized to determine a
patient’s precision drug therapy, allowing physicians to:
Identify patients carrying a genetic polymorphism that causes
increased or decreased CYP450 enzyme activity to metabolize
certain medications
Identify individuals with higher risk of adverse drug reactions
Choose more effective medications at safer dosages
Minimize drug interactions
Optimize pain management
Avoid time-consuming sequential and ineffective drug trials
Minimizing Risk with Testing
Improving Patient Outcomes
11. Options for Integration Into Practice
Point of Care vs. Pharmacy Dispensing
• Pharmacogenomic tests can be administered with a topical
analgesic for pain. When a FDA approved kit with a NDC number
is utilized it is billed through a patient’s pharmaceutical benefits.
• Pharmacogenomic tests can also be administered without a
topical analgesic for pain and billed only through point of care
(POC).
• Depending upon insurance benefits, patients may have a co-pay
for the laboratory services and there is typically a co-pay for a
physician dispensed medicated kit.
12. Injectables in Practice
With the changing reimbursements, types of health care insurance, and new regulations
with regards to treatment, a medical practitioner and his or her team is under immense
time pressure to treat patients quickly, efficiently, and safely.
If a patient requires a singular or even multiple injections, the medical practitioner
must rely on his or her team to first:
Locate the necessary and correct
injectable medications
Ensure dating is current
Ensure the top has not been
contaminated
Ensure they are the correct strength and
percentage
Ensure the liquid is not crystallized or
containing growth
Ensure there is sufficient medication in
the vial
Ensure that the injection has been stored
at the proper temperature and humidity
As well as all other possible related
materials and safety precautions needed
to treat the patient.
13. CDC Safe Practices
Whenever possible, use of single-dose vials is preferred over multiple-
dose vials, especially when medications will be administered to multiple
patients.
Outbreaks related to unsafe injection practices indicate that some
healthcare personnel are unaware of, do not understand, or do not adhere
to basic principles of infection control and aseptic technique.
A survey of US healthcare workers who provide medication through
injection found that 1% to 3% reused the same needle and/or syringe on
multiple patients.
Among the deficiencies identified in recent outbreaks were a lack of
oversight of personnel and failure to follow-up on reported breaches in
infection control practices in ambulatory settings.
Therefore, to ensure that all healthcare workers understand and adhere
to recommended practices, principles of infection control and aseptic
technique need to be reinforced in training programs and incorporated into
institutional polices that are monitored for adherence.
14. Utilizing Sterile NCD Coded Kits
The use of FDA approved single use NDC Coded Kits may be
an easy way to ensure that your practice is following CDC
guidelines.
Storage for the material is in a single per use box
No preparing injection trays
Kits contain everything needed to provide a safe
procedure
17. Pharmacogenetic Medicated Kit Dispensing
Number of Practices 1 Number of Patients per Month 320
Number of Doctors per Practice 1 Patient Capture Rate 10%
Number of Work Days per Week 4 Average Co-Pay 21%
Number of Patients per Day 20 Collect Co-Pays YES
Revenue ESTIMATED PHYSICIAN REVENUE PROJECTIONS
Advanced DNA Medicated Collection Kit™
Net Sales
Cost of Goods Sold
Gross Profit
Operation Expenses
Membership Fee *$499 for first six months. $299 after six months.
Clearinghouse Fee *Waived if member exceeds 100 transactions in the given month.
Transaction Fee per Adjudication$7.50
Total Operation Expenses
Net Income
PROJECTED MONTHLY NET REVENUE
PROJECTED ANNUAL NET REVENUE
$18,493
$789
$240
$50
$499
$231,389
$18,493
$221,921
PROJECTED ANNUAL GROSS REVENUE
Co-Pay
$19,282
PROJECTED MONTHLY GROSS REVENUE
$17,677
$19,282
$3,200
$22,482
$4,806
18. Joint, Tunnel, and Trigger Injection Kits
Number of Practices 1 Number of Patients per Month 320
Number of Doctors per Practice 1 Patient Capture Rate 10%
Number of Work Days per Week 4 Average Co-Pay 25%
Number of Patients per Day 20 Collect Co-Pays YES
Revenue ESTIMATED PHYSICIAN REVENUE PROJECTIONS
Physicians EZ Use Joint, Tunnel, and Trigger Injection Kit™
Net Sales
Cost of Goods Sold
Gross Profit
Operation Expenses
Membership Fee *$499 for first six months. $299 after six months.
Clearinghouse Fee *Waived if member exceeds 100 transactions in the given month.
Transaction Fee per Adjudication$7.50
Total Operation Expenses
Net Income
PROJECTED MONTHLY NET REVENUE
PROJECTED ANNUAL NET REVENUE
$6,703
$789
$240
$50
$499
$89,907
$6,703
$80,439
PROJECTED ANNUAL GROSS REVENUE
Co-Pay
$7,492
PROJECTED MONTHLY GROSS REVENUE
$8,066
$7,492
$3,296
$10,788
$2,722
19. B-12 Injection Kits
Number of Practices 1 Number of Patients per Month 320
Number of Doctors per Practice 1 Patient Capture Rate 10%
Number of Work Days per Week 4 Average Co-Pay 32%
Number of Patients per Day 20 Collect Co-Pays YES
Revenue ESTIMATED PHYSICIAN REVENUE PROJECTIONS
Physicians EZ Use B-12 Compliance Injection Kit™
Net Sales
Cost of Goods Sold
Gross Profit
Operation Expenses
Membership Fee *$499 for first six months. $299 after six months.
Clearinghouse Fee *Waived if member exceeds 100 transactions in the given month.
Transaction Fee per Adjudication$7.50
Total Operation Expenses
Net Income
PROJECTED MONTHLY NET REVENUE
PROJECTED ANNUAL NET REVENUE
$5,629
$789
$240
$50
$499
$77,019
$5,629
$67,551
PROJECTED ANNUAL GROSS REVENUE
Co-Pay
$6,418
PROJECTED MONTHLY GROSS REVENUE
$5,934
$6,418
$2,336
$8,754
$2,820
20. Practice Projection with 10% Penetration
Pharmacogenetic Medicated Kit Dispensing $18,493
Joint, Tunnel and Trigger Injection Kits $6,703
B-12 Compliance Injection $5,629
Total Monthly Net Revenue $30,825.00
Total Annual Net Revenue $369,900.00
21. Let’s Get Your Questions Answered
How do I get started?
What are the costs?
What are the steps in the process?
Who schedules my staff trainings?
What else do you need to know in order to get started?