One of the first steps in developing a successful adult vaccination program is making sure you are buying product at the best possible price.
Coral Gables, FL (PRWEB) May 08, 2013
TransactRx, the nation’s leading Medicare Part D Vaccine Physician Billing Service, announced today that it has released Part 1 - Smart Purchasing of its 5-part educational blog series titled “Running a Profitable Adult Vaccine Program in Your Practice”. The company will be publishing a new part each week of the series through June 9th on its new blog site: http://www.transactrx.com/medical-blog
Practitioners have always been scared of the term Buy & Bill. It usually means to them - "I have to buy and stock inventory on a product that may take me a long time to get paid and in many instances I am not sure how much I will get paid." This fear has caused many providers to not offer vaccines, leaving patients with the option of having to go to the local clinic. However, thousands of physician practices have found that they can implement a successful and profitable adult vaccine program in their practice.
One of the first steps in developing a successful adult vaccination program is making sure you are buying product at the best possible price. One way to do this is by purchasing through Group Purchasing Organizations such as Physicians’ Alliance of America. Group Purchasing Organizations pool their accounts for the best buying clout and pass the savings on to their members. This could help add a few more percentage points to a program's overall profitability. Every dollar counts. Group Purchasing Organizations are typically easy to join and free of costs. Many times they also provide additional resources to help support a specific vaccination program.
‘We’ve found from our successful physician practices that a key component to a profitable vaccination program is buying the vaccines at the right price and in the right quantities,” said Jack Guinan, CEO, TransactRx, “Whether you are buying from a GPO or direct from the manufacturer make sure you are buying in bulk and are asking for all available discounts.”
TransactRx is on a mission to inform physicians and other healthcare providers, “Vaccines are Good Medicine and Good Business.”
About TransactRx http://www.TransactRx.com
POC Network Technologies, Inc. d.b.a. TransactRx is a national provider of reimbursement solutions for vaccines and specialty pharmaceutical products administered at the point-of-care. The TransactRx proprietary cross-benefit technology platform seamlessly connects the nation’s pharmacy and medical transaction infrastructures to enable physicians, public health departments and pharmacies to check coverage information and submit claims for both medical and pharmacy benefits. The Company’s unique national provider networks significantly reduce the cost and effort associated with contracting a large numbers of providers to administer a particular vaccine or group of pharmaceutical products. The combination of technology and provider networks assists payers of all types.