Long-Term Care & Assisted Living Pharmacy
LTC and Assisted Living Pharmacy is defined by 17 requirements by CMS and PBMs in order to be contracted under this class of trade receiving higher reimbursement for pharmacy services. It involves dispensing of medications to residents of nursing homes, assisted living facilities and seniors still in their residence.
It is important as this class of trade cares for the growing senior population that are patients with complex care requirements and multiple prescription medications. This class of trade receives the highest level of reimbursement from PBM's and deepest discounts from Wholesaler and Pharmaceutical Companies as it is considered a "closed door class of trade".
We focus our efforts on evaluating client's overall reimbursement contracts from PBM to assess what opportunities exist for renegotiating these agreements, reviewing their overall procurement strategy, prime vendor agreements and direct sourcing of generics.
4PRx leaders have extensive proven solutions offered to their clients that provide a material improvement in their bottom line performance and recently saved a small LTC Pharmacy $650K annually on its new wholesaler contract. For another large client he saved them $6.2M over a three-year procurement contract.
It is important as this class of trade cares for the growing senior population that are patients with complex care requirements and multiple prescription medications. This class of trade receives the highest level of reimbursement from PBM's and deepest discounts from Wholesaler and Pharmaceutical Companies as it is considered a "closed door class of trade".
We focus our efforts on evaluating client's overall reimbursement contracts from PBM to assess what opportunities exist for renegotiating these agreements, reviewing their overall procurement strategy, prime vendor agreements and direct sourcing of generics.
4PRx leaders have extensive proven solutions offered to their clients that provide a material improvement in their bottom line performance and recently saved a small LTC Pharmacy $650K annually on its new wholesaler contract. For another large client he saved them $6.2M over a three-year procurement contract.
