How will dispensing help the physician comply with the formularies from top insurance companies?
Formulary compliance is a very important issue. Most doctors dispense “free samples” of brand name drugs given to them by their local pharmaceutical rep and then write a prescription for that expensive drug. This sample mentality has caused the total cost of healthcare to increase considerably. By implementing a successful in-office dispensary, the medical office will significantly reduce the at-risk formulary compliance amount considerably. If the physician had to dispense an expensive name brand drug, he would want to purchase that drug from us and sell it to the patient verses writing the prescription. We have been told that there is at least a $20 differential in cost between a formulary and a non-formulary drug, per script. E.g., if the physician were to dispense a formulary drug purchased from us for $30.00 and sold to the patient for $40.00, he not only would make a $10.00 profit on the differential between wholesale and retail but would also save $40.00 because that script woul
