Importance of Physician Dispensing in Medical Practice
Nowadays many medical practitioners include in-house pharmacies in their clinic and it boosts their business like magic. The idea of including in-house pharmacy grew from the idea that the doctors wanted to help their patients by gathering all their needs in one place. Most of the patients come and get both advice and medicine at the same time and same place. Therefore, medical dispensing saves their extra cost as well as precious time by assigning dispensing physicians.
They basically store most commonly prescribed medicines, basic medical equipment like braces, canes and boots, they also do compounding by adding medicine such as steroids and creams which are used to reduce the pain of orthopedic patients.
Advantages of In-house Pharmacy
When the patients go to a pharmacy and give the compounder the prescription. Many times they can’t understand what the doctor is writing in the prescription. Therefore, they may provide the medicines according to their guessing power. But most of the time patients provide them with old prescriptions and get the medicines that are not good for their health. But in the case of in-house pharmacies, doctors will not do this. At first, the doctor checks the patient and after that gives them medicines according to their need.
According to The National Center for Health Statistics, every doctor writes on average 1.4 prescriptions per patient, for about 25 patients per day. Pharmacy gets around 10 dollars per prescription which means if the pharmacy exists in the process, then the doctor stands to make approximately $350 per day. Note that this is a very simple outlook of the whole process and there are many complications related to locations and medical issue type, but the general margin of profit should be like this. Dispensing physicians can also make great contributions in case of patient safety.
External pharmacies also present a problem in logistic matters. They also incur significant start-up and overhead charges. However, new companies are coming in that provide pre-packaged mini pharmacies accompanied by many other relevant support materials, tracking software, basic formulary, storage facilities, prescription labels with the practice logo.
If you are a physician and want to start an in-house pharmacy in your clinic, then contact PD-RX Pharmaceuticals Incorporated. The expert team of our company will help you and guide you in this matter.
**Disclaimer: The information on this page is not intended to be a doctor's advice, nor does it create any form of patient-doctor relationship.