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Integrated healthcare | Pharmacy Solutions

Discover how our patient-centered approach to integrated healthcare and pharmacy solutions

can help you increase adherence and improve patient outcomes.

1. INCREASED COLLABORATION : Physician and pharmacist work as a team to treat

patients

2. INCREASED COMPLIANCE : Increased patient compliance improves medical outcomes

3. IMPROVED OUTCOMES : Healthier patients leads to stronger VBP reimbursements

Is patient non-compliance an issue for you?

How many times have you heard this (or something similar), knowing that if you could simply increase

your patient’s medication compliance, their health outcome would improve dramatically?

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Pharmacy solutions | Comprehensive pharmacy services | Point of care

Who We Are

How can physicians provide care that sets them apart, improves patient outcomes, and increases revenue?

Why do patients have to go to a pharmacy and wait for half hour or more while a stranger rushes through filling their prescription?

These are the two fundamental questions that led us to create PharmRx. With over 40 years in the pharmacy industry, we’re positioned to fill a pressing healthcare gap: doctors looking for ancillary services and patients looking for better care.

OUR MISSION Our mission is to make the healthcare industry work better for both patients and physicians. We’re bringing much-needed innovation to the pharmacy industry and ancillary services. Independent practices are a linchpin of America’s healthcare system, and we want to help them thrive.

OUR GOALS Our core goals are to improve patient outcomes and to help physicians and clinics stay independent and profitable.

We do this by placing pharmacies and pharmacists directly at the point of care: a physician’s office or clinic. We also offer ancillary services such as high-accuracy toxicology testing and billable injection kits that allow physicians to offer better care and increase revenues.

OUR TEAM Our core goals are to improve patient outcomes and to help physicians and clinics stay independent and profitable.

We do this by placing pharmacies and pharmacists directly at the point of care: a physician’s office or clinic. We also offer ancillary services such as high-accuracy toxicology testing and billable injection kits that allow physicians to offer better care and increase revenues.

LEADERSHIP Michael A. Russin has broad experience in the pharmacy and medical-device industries. Russin is a cofounder of Diabetes Sentry Products, creator of the only FDA-approved, patented, wearable, non-invasive, sensor-based hypoglycemia-symptom alarm on the market. Russin is one of the patent holders on the next-generation product, the Diabetes Sentinel. He also cofounded digiMedical Solutions, one of the first companies to provide electronic-prescription capabilities to physicians and clinics. Russin grew the company from an MBA course project to $18 million in first-year revenue.

A constant innovator, Russin sees point-of-care pharmacies as the next logical step in the evolution of the pharmacy industry. Electronic prescriptions revolutionized the medical experience for both patients and physicians, and Russin cofounded PharmRx with the aim of bringing similar innovation to prescription delivery. Russin’s earlier background is in software, which has given him the ability to integrate technology and healthcare delivery into seamless systems that work for both physicians and patients.

Michael B. Russin has years of experience in investment management with companies such as Morgan Stanley and Altair Advisers. An expert in financial modelling for pharmacy companies, Russin brings deep expertise in the economics of pharmacies to PharmRx. He has long searched for a new model to innovate the pharmacy industry, improve the patient experience, and increase revenue for physicians. Top-tier doctors and practices have always found ways to thrive; how can they continue to do so with the advent of the ACA and pay for performance (P4P)?

Russin’s answer, point-of-care services, led him to cofound PharmRx. To Russin, success means medical clinics are thriving, patients are experiencing stronger outcomes, and the bottom line is improving for all involved.

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Integrated health care | Workers

compensation

Integrated Pharmacies

Member-only pharmacies located in the physician’s office. Each of our locations is dedicated to

a particular clinic, a PharmRx pharmacy is able to provide immediate and personalized service

to each and every patient. To assist patients with regaining or maintaining good health, the

need exists for health care professionals to work collaboratively with patients as members of a

team.

A winning team has three members, each having a critical role: doctor, pharmacist, and patient.

Success is based on the premise that the doctor and pharmacist work collaboratively with the

patient to devise a treatment plan that effectively manages their medical condition. A patient

must not only be confident that the prescribed medications will work, but must also be willing

and able to take them as intended.

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PharmRx helps independent practices and physicians improve patient outcomes and increase

revenue. We specialize in integrated healthcare solutions, including point-of-care pharmacies,

MTM, toxicology testing, billable injection kits, and workers’ compensation assistance.

Everything we do has two objectives: improving patient outcomes and helping doctors, clinics,

and thriving practices stay independent and profitable.

We know how hard it is to run an independent practice. It gets more expensive every year.

Healthcare legislation changes. Reimbursement models shift. The prevalence of chronic disease

only rises, necessitating more intensive (and time-consuming) treatments. Many physicians

have to close their practices and join a hospital group.

We work with the physicians and practices who know they provide the best care when they’re

independent. When they set the rules. When they have the freedom to do what’s best for the

patient—not a board of directors. These physicians know how to stay in business: differentiate

themselves with best-in-class services that patients can’t find anywhere else.

That’s where we come in. We help you set your practice apart, so you continue to thrive—

independently.

Medication therapy management | Medication adherence

Through our unique Medication Therapy Management (MTM) model we are able to optimize therapeutic outcomes for each and every

patient.

Our unique point-of-care approach is comprised of 5 core elements:

Medication Therapy Review (MTR)

Personal Medication Records (PMR)

Medication Action Plan (MAP)

Intervention and/or Referral

Documentation & Follow-up

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Drug therapy | Medication Use | Medication adherence

PharmRx believes one of the most critical of ancillary services is pharmacy which in 2014 totaled

$360 billion or nearly 12% of total health care expenditures. By incorporating a point-of-care

pharmacy directly within their clinic walls doctors stand to gain two critical benefits –

First, their patients can utilize our consulting, informational or support center services to significantly

improve their adherence to medication therapies. This leads to better outcomes and fewer visits to

clinics or admissions and readmissions to hospitals. which is the exact kind of “value” that CMS (and

everyone else concerned with health care) is looking for. Second, a partnership with one of our

specialty pharmacies is an excellent strategy to generate additional revenue or to recapture revenue

lost due to the implementation of the ACA.

Opportunity

The independent general practice has been the primary point of care for most patients for generations—yet a 2015 study of independently operating specialists showed that nearly half are planning on closing their practices in the next few years.

With chronic disease on the rise, and the services of physicians only increasing in demand, the market for healthcare is certainly not shrinking, so why are independent practices failing? The implementation of the Affordable Care Act has shifted the way physicians are compensated for their time and services. Instead of fee-for-service payment models, many physicians’ compensation is tied to patient outcomes. And one of the most important factors in patient outcomes is adherence to drug therapy:

65% of hospital readmissions are medication-related. 30-50% of treatment failures are due to non-compliant medication use. 50% of patients do not take their medication as prescribed. 20-30% of prescriptions are never even filled.

The vast majority of physicians surveyed—94%—agreed that innovative business models must step in to bridge the gap in the market between revenue and patient care. And this is where we see opportunity. Our solution? Bring pharmacies right into physicians’ practices. In-house pharmacists have been shown to reduce the occurrence of negative therapeutic outcomes by 53-63%. Why? Because patients can get their questions about medication and treatment answered, on the spot, by a pharmacist who knows your practice and knows your patients personally. Because an in-house pharmacist becomes a partner with you in patient care—alerting you to potential non-adherence, confusion about diagnosis and medical advice, and helping you give the most at-risk patients the intensive care they require to improve. And not only will an in-house pharmacy improve patient outcomes and restore potentially lost revenue, it allows your practice to capture some of the $360 billion spent on pharmaceuticals annually in the US—12% of the healthcare market. To stay profitable in today’s difficult climate, independent practices need innovative business models. We can’t think of anything more innovative and efficient than offering ancillary services proven to increase patient wellness.

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Chronic disease management | Patient compliance

By implementing our patient-centered approach we can assist clinics with effective distribution,

compliance and monitoring of medications prescribed to prevent errors, unnecessary costs and

improve patient adherence to the prescribed medication regiment. We accomplish this by

optimizing automation, technology, personal service and by taking ownership of the medication

use process. A partnership with one of our specialty pharmacies is an excellent strategy to

generate additional revenue or recapture revenue lost due to the implementation of the

Affordable Care Act (ACA), while simultaneously reducing medication errors and increasing

patient medication compliance.

Why PharmRx

In our 40 years in the pharmacy industry, we have worked closely with physicians around the country. This experience has taught us how difficult it is to run a thriving, profitable independent practice. Shifting reimbursement models, increased operating costs, and the increasing healthcare burden of chronic disease make it harder than ever for successful practices to maintain their competitive edge.

The physicians and practices who succeed are the ones who innovate.

They’re looking for ways to stay independent and profitable and improve their patients’ experience.

Our vision of the future of healthcare is based on the premise that independent practices can continue to thrive, improving outcomes for both clinics and patients.

When you partner with us, you join an exclusive group of physicians who have decided to stay independent. Who reject the notion that the only option in today’s climate is to sell your practice and join a hospital group.

Who aren’t afraid of innovation.

Visit Here: http://pharmrxgroup.com/why-pharmrx.html

Contact Us

PharmRx GroupToll-Free: 1-844-PharmRx (742-7679)

Inquiries: (312) 757-5447

Customer Support: (312) 492-4842

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Integrated Pharmacies:

“Drugs don’t work in patients who don’t take them.” -Former Surgeon General C. Everett Koop

We help improve medication adherence and patient outcomes by providing in-practice pharmacies. On average, physicians spend 49 seconds of a 15-minute visit discussing new medications. As physicians have to see more and more clients in less time to maintain revenue, this is all the time they can afford. Yet they know that non-adherence is a major barrier to improving patient health outcomes. So what can they do? Some practices attempt to solve this issue by introducing in-office dispensing machines to their practices. Superficially, this solution reduces costs and provides in-house pharmacy services to patients. The main problem with pharmacies for patients, however, isn’t addressed: 50% of patients do not take their medications as prescribed. A dispensing machine doesn’t solve that problem. It doesn’t increase adherence. It doesn’t answer patients’ questions about their medications or clear up their confusion. So physicians who take that route are stuck with the same problem as before: non-adherence that suppresses their patients’ improvement. Studies have repeatedly shown that when patients get more time with a medical professional who answers questions about their prescriptions, their adherence increases. What’s needed is more contact with pharmacists, not less. The logical conclusion? Bring pharmacists in-house. We set up pharmacies in physicians’ practices and take care of everything, including paying the pharmacist.

Visit Here: http://pharmrxgroup.com/integrated-pharmacies.html

Support Center Services

You didn’t become a doctor so you could spend hours a day on paperwork. And you want your staff focusing on what they do best—not dealing with administrative headaches. That’s why our support center takes care of the following services:

Prescription renewals. Round-the-clock phone support for your patients (including after hours). Patient education and counseling. Syncing all communication and prescription transaction information with your database

daily. Patient education and counseling on prescriptions.

For most patients, this level of support from a doctor’s office is unheard of. Now, when they have questions about their medications, they don’t have to schedule an appointment or worry about taking up their physician’s time. All they have to do is pick up the phone and call us. Patients with access to support-center services love the improvement in the quality of their healthcare. But the biggest benefit to patients whose doctors aren’t spending hours a day on paperwork? More time with you. Let us take care of admin, so you can focus on providing quality patient care.

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Toxicology Testing

Toxicology testing and other point-of-care lab tests can increase adherence, improve outcomes, and reduce workers’ compensation healthcare costs. We provide toxicology testing kits that save your patients trips to third-party testing facilities and eliminate the paperwork of referrals and lab requests. We provide all toxicology testing kits, supplies, forms, laboratory tests, reports, and courier services. Physicians enjoy many benefits from point-of-care lab tests, including:

Reducing practice liability by giving physicians the ability to prevent dangerous drug interactions.

Verifying that patients are following their prescribed medication regimen. Generating greater revenue (due to higher billing for our high-complexity, high-accuracy

lab tests) with no out-of-pocket costs. Adhering to workers’ compensation medical treatment guidelines that specifically

recommend urine drug testing (UDT) for chronic pain patients.

We take care of all lab testing—you get the benefit of an in-house lab, but with none of the risk, cost, or setup.

Visit Here: http://pharmrxgroup.com/toxicology-testing.html

Injection Kits

While in-office injections are a crucial component of a physician’s practice, the process of preparing injection trays is inefficient and time-consuming. That’s why, when we were looking for ways to save physicians time and increase revenue, we decided on billable injection kits as a core part of our offering. Injection kits are pre-measured, single-use vials of medication that physicians can use in-office for procedures such as trigger-point injections, steroid injections, and more than two dozen other specific condition treatment kits. Injection kits make billing easier (and often increase the amount you can bill for injections), reduce waste, and save time you don’t have to spend on measuring dosages.

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