What PharmCo can Do For You
PharmCo understands the importance of providing excellent, high quality medical care while minimizing excess use of healthcare dollars. Our risk management team will work with you and your healthcare providers to review the adherence and compliance of patients with the prescribed medication regimen and the physicians’ prescribing methods and trends. As a 5-Star pharmacy, you can count on us to make recommendations based on best practices, current preferred formularies, and cost effectiveness. We will support your contracted providers with managing patient health risks and deliver pharmacy services to patients that go above and beyond simply providing medications. Our pro-active patient engagement model and advanced suite of pharmacy services has been designed to reduce readmission risk, decrease adverse health events, lower costs, increase adherence, and improve health and wellbeing of your beneficiaries.
PharmCo prides itself on staying in compliance with all rules and regulations. We make sure that we work with physicians and patients to ensure that all documentation is complete and accurate. We have zero to low audit recoupments and high performance scores because we conduct regular training and compliance oversight within the pharmacy. Our regular training meetings discuss topics such as ophthalmic and insulin calculations, note taking, DAW codes, brand vs. generic, high risk medications, prior authorization documentation, prescription completeness, data accuracy and integrity, FWA, and HiPAA.
Medication Therapy Management (MTM)
PharmCo works steadily to ensure that all of our patients receive the best and most optimal health care possible. Our team will assess what medications are prescribed, and compare them to which medications are actually being taken in accordance with the prescription instructions. We will then report directly to the physician, to eliminate and reduce any obstacles creating non-compliance in the medication therapy, or to remove any challenges posed by conflicting medications in the patient´s individual medication plan. PharmCo will work closely with all of our health care providers to ensure that the best possible medication therapy is being prescribed to most effectively work within the patient´s compliance limitations, as well as minimizing excess costs for the insurance providers, and to the patients themselves.
At PharmCo we understand that patients who are not adherent with a recommended prescription regimen are at higher risk for negative health event. This risk leads to increased use of healthcare services such as hospitalizations, readmissions, urgent care visits, and specialist consultations. Through PharmCo’s hands-on approach to patient interactions and complete portfolio of pharmacy services, we are able to monitor adherence and make recommendations to patients, care givers and physicians about making improvements to reduce healthcare risks. According to EQuIPP, between 96-98% of PharmCo patients with chronic conditions like hypertension, high cholesterol, and diabetes are adherent based on 2018 data.