The value and increasing importance of meeting industry standards
Practices with physician dispensing programs are facing increasing competition from pharmacy benefit managers (PBMs), who have recently pursued several tactics, such as revising the definitions of network participation and direct and indirect remuneration (DIR) fees, to steer prescriptions to their corporate-owned specialty pharmacies.
In response to these pressures, practices need to take steps to preserve their dispensing programs for the future, such as converting to a licensed pharmacy. Another essential step is to pursue accreditation through the Accreditation Commission for Health Care (ACHC). ACHC accreditation can help demonstrate that your practice meets the same standards as corporate specialty pharmacies. And, many practices find that they already meet many of these standards.
This article explains why accreditation is a critical element for point-of-care dispensing programs in today’s market and outlines how practices can get started.
Why your practice should pursue accreditation