Dan Haron of NuscriptRX, a solution provider at the marcus evans Long-Term Care CXO Summit Fall 2014, on serving the pharmaceutical needs of LTC facilities.
Interview with: Dan Haron, President & Chief Executive Officer, NuscriptRX
PQRI is the first Medicare program which will directly influence physicians towards value based purchasing (VBP). Value based purchasing is a key mechanism for Medicare to transform itself from being a passive payer to an active purchaser of healthcare by linking payment more directly to performance.
Currently, Medicare Physician Fee Schedule is based on quantity and resources consumed. Soon, this will no longer be the case. Over the next several years, fees will be increasing based on quality and value.
Inside ABC’s of PQRI:
Learning the Basics of PQRI
The Big Picture: Value-Based Purchasing
Engaging a Team
Selecting Measures
Coding on Performance Measures
Collecting Payment and Performance Report
Practice Exercise – Sample Case
Validation
Next Steps by Physicians
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Troy Trosclair, HCA MidAmerica Division - Speaker at the marcus evans National Healthcare CNO Summit, held in Hollywood, FL, April 26-28, 2012, delivered his presentation entitled The Changing Landscape: Value-Based Purchasing, Reimbursement and its Impact on Nursing
PQRI is the first Medicare program which will directly influence physicians towards value based purchasing (VBP). Value based purchasing is a key mechanism for Medicare to transform itself from being a passive payer to an active purchaser of healthcare by linking payment more directly to performance.
Currently, Medicare Physician Fee Schedule is based on quantity and resources consumed. Soon, this will no longer be the case. Over the next several years, fees will be increasing based on quality and value.
Inside ABC’s of PQRI:
Learning the Basics of PQRI
The Big Picture: Value-Based Purchasing
Engaging a Team
Selecting Measures
Coding on Performance Measures
Collecting Payment and Performance Report
Practice Exercise – Sample Case
Validation
Next Steps by Physicians
Preparation and Lessons Learned from Super Storm Sandy - Larry Carlson/Carol ...marcus evans Network
Larry Carlson/Carol McKinley, United Methodist Homes of NJ - Speakers at the Long-Term Care CXO Summit January 2014, held in Las Vegas, NV, delivered a presentation entitled Preparation and Lessons Learned from Super Storm Sandy
The Changing Landscape: Value-Based Purchasing, Reimbursement and its Impact ...marcus evans Network
Troy Trosclair, HCA MidAmerica Division - Speaker at the marcus evans National Healthcare CNO Summit, held in Hollywood, FL, April 26-28, 2012, delivered his presentation entitled The Changing Landscape: Value-Based Purchasing, Reimbursement and its Impact on Nursing
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Ahead of the marcus evans Evolution Summit 2024 and the Evolution Europe Summit 2024, read here an interview with Dr Murtaza Hussain discussing why pharma companies should consider Pakistan for conducting clinical trials.
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A global, multifaceted media, corporate marketing and information company, employing 3000 professionals in 59 worldwide locations. Our activities are wide ranging, providing up-to-the-minute information for businesses and professionals worldwide.
Our summit and conference divisions deliver over 300 annual events across all industry sectors, providing the world’s leading practitioners with the contacts and insights they need to build and sustain a competitive advantage.
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https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
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In 100 Words or Less - The Pharmaceutical Needs of LTC Facilities Today - Dan Haron, NuscriptRX
1. Interview with: Dan Haron,
President & Chief Executive Officer,
NuscriptRX
On average, long-term care patients
are on 13 to 18 different medications,
so ensuring that the right product is
administered to the right patient at the
right time can be a challenge, according
to Dan Haron, President & Chief
Executive Officer, NuscriptRX. Adding
economic and regulatory pressures on
top of that, it becomes clear why Haron
encourages LTC facilities to look at
technologies that process prescriptions
efficiently and help put the focus back
on patient care.
NuscriptRX is a solution provider at the
marcus evans Long-Term Care CXO
Summit Fall 2014, in Palm Beach,
Florida, July 14-15.
In just a few words, how is the LTC
industry changing today?
The industry is evolving and facilities
have much more responsibility for the
rehabilitation of patients, as they are
transferred out of a hospital following an
event, rehabilitating them so they can
ultimately be moved through assisted
living or back to home care.
The length of stay on a high percentage
of patients is less because of that, so
the pharmacy dispensing cycle should
also be shorter.
Why do LTC facilities need an “in-
house pharmacy”?
Most patients are on 13 to 18 different
medications, prescribed by a number of
different doctors. Facilities must ensure
that patients are taking the right
medication at the right time, but also
review the orders to ensure they are
therapeutically correct based on the
diagnosed conditions and that there are
no adverse interactions between the
various prescriptions. For all information
to be up-to-date, prescriptions must be
managed electronically. Getting away
from inefficient paper processing of
prescriptions would also give nurses
more time to focus on patient care.
How could they lower the per
patient per day cost?
This is an area where we play a critical
role. Many products are now available
generically, and we try to maximize the
dispensing of generic drugs. We also
work with the facilities around
compliance on medications and the
prevention of adverse reactions to avoid
the patient having to be readmitted to
the hospital, which drives up healthcare
costs.
What opportunities do facilities
underutilize today? What could they
capitalize on?
The pharmacy plays a big role around
the star rating for Centers for Medicare
and Medicaid Services (CMS). Ensuring
the facility is adhering to state and
federal regulations, positioning it to a
higher level of reimbursement through
its CMS ratings, that is an area they
could look into.
How could th ey maximize
reimbursement?
Reimbursement can be maximized
through the use of specialty pharmacy
medications. There are more and more
specialty pharmacy products available,
which are more expensive than other
products. As we look to the future,
specialty pharmaceuticals will get us
into diagnostic testing and personalized
medicine. Thus in a treatment for
oncology, if specialty products are
available, we will be using more
diagnostic tests, so the physician can
prescribe a product that is more
effective for the specific patient.
Getting
away from
inefficient
paper
processing of
prescriptions
would also
give nurses
more time to
focus on
patient care
In 100 Words or Less...
The Pharmaceutical Needs
of LTC Facilities Today
2. marcus evans Summits deliver
peer-to-peer information on
strategic matters, professional
t r e n d s a n d b r e a k t h r o u g h
innovations.
Please note that the Summit is a
closed business event and the
number of participants strictly
limited.
About the Long-Term Care CXO Summit Fall 2014
This unique forum is taking place at the Eau Palm Beach Resort & Spa, Palm Beach,
Florida, July 14-15, 2014. The Long-Term Care CXO Summit is the premium forum
bringing senior level executives and solution providers together. The Summit offers
an intimate environment for a focused discussion of key new drivers shaping the
long-term care industry.
www.longtermcaresummit.com
Contact
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About NuscriptRX
NuScriptRX is able to reduce costs while improving medication access without the geographic limitations of the traditional courier-
based delivery model. By deploying their proprietary eMed-Stat™ and PharmCom™ medication access and innovative
communications technologies, NuScriptRX provides timely, cost-effective and safer administration of medicines to long-term care
nursing facilities in eight states from one pharmacy center in Nashville, Tenn. This enables the company to provide a higher level of
service and cost-saving solutions to customers through reduced drug waste and improved access to medication 24 hours a day,
7 days a week.
www.nuscriptrx.com
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To view the web version of this interview, please click here: www.longtermcaresummit.com/DanHaron