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In two previous articles, I wrote about how hospitals are leveraging remote pharmacy services to provide necessary 24x7 pharmacy coverage to qualify for “Stage 2 Meaningful Use” reimbursements, and how to determine which model – build vs. buy – is best to meet your individual hospital’s needs.
As a follow-up to those first two articles, I want to discuss additional considerations for remote pharmacy services including pricing models and quality assurance programs.
As I explained previously, remote pharmacy services are a proven way to reduce healthcare costs and ensure quality. Similar to considering any service, it is important for pharmacy leaders and healthcare executives to understand pricing options and contractual commitments for this increasingly popular service.
When evaluating remote pharmacy service options (to either partner with an outside service provider, like Cardinal Health, or use another hospital within your system) it is critical to understand pricing and the level of service you can expect.
Pricing for these services is typically driven by the order volume and remote pharmacist time needed. Oftentimes, selecting a remote pharmacy services provider can be more cost effective because only a portion of a pharmacist’s time is charged - depending again on order volume and hours of remote coverage.
Typical pricing models
Common pricing models in the remote pharmacy service provider market are to charge a fee-per-order/line, flat monthly fee based on fixed volume and/or an hourly rate for coverage with order volume caps.
Read more about maximizing the value of remote pharmacy services