New Offering Will Enable Pharmacists to Expand Crucial Point-of-Care Testing and Patient Care Services, Increasing Revenue and Improving Health at Population Level
IRVINE, Calif.—May 23, 2018—PrescribeWellness, a leading cloud-based patient relationship management solutions company that inspires collaboration between pharmacies, payers, providers, pharmaceutical companies and their patients for better health, now provides collaborative practice agreements (CPAs) for point-of-care services, giving community pharmacies opportunities to offer more services—and to be adequately compensated for them.
This is great news for Americans, who are eager to receive more preventive care services from their community pharmacies: a recent PrescribeWellness survey revealed that almost half (46 percent) of Americans over the age of 40 would be willing to pay cash for services at their pharmacy instead of paying a co-pay at a doctor’s office, and more than two-thirds (68 percent) said visiting their local pharmacy to be tested and treated for strep and flu would be easier than seeing a doctor. A full half would transfer their prescriptions to a pharmacy that provided other preventive care services
“Depending on the year, 3,000-50,000 individuals die from influenza in the United States alone, and many others never receive critical antiviral therapy because they fail to seek help from a healthcare professional within the 48-hour window for treatment,” said Al Babbington, CEO of PrescribeWellness. “As the most easily accessible healthcare provider in many communities across the U.S., independent pharmacies can provide incredible value by offering screening and on-the-spot therapy options for infectious diseases. PrescribeWellness enables pharmacists to go ‘beyond the fill’ by providing these critical services—and to be properly reimbursed for them.”
PrescribeWellness handles all of the logistics involved with executing the CPA—from collaboration with a qualified physician to annual updates—so pharmacists can focus on providing care to their patients. Collaborative practice agreements will help pharmacists to diversify their revenue streams by adding services in acute and preventive care they otherwise couldn’t offer.
“There is a major shift from pill-centric to patient-centric occurring in pharmacy right now. In the near future, local pharmacies will be the hub of preventive care services,” said Farah Madhat, Vice President of Pharmacy at PrescribeWellness. “This is an excellent opportunity for community pharmacies to enhance revenue while improving health at the patient and population level.”
PrescribeWellness is a leading cloud-based patient relationship management solution company that inspires collaboration between pharmacies, payers, providers, pharmaceutical companies and their patients for better health. PrescribeWellness enables collaboration between disparate healthcare systems for better health across America by connecting patients to locally owned community pharmacies. Its proprietary cloud-based platform empowers pharmacists to provide more effective preventive healthcare services, which improve medication adherence, chronic disease management, transitions in care, and population health. With data integration and behavioral science as the foundation, PrescribeWellness software solutions position the pharmacist at the center of community healthcare prevention. Inc. 5000 named PrescribeWellness one of America’s Fastest Growing Privately-Held Companies for the past three years. For more information, please visit www.prescribewellness.com.
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