5 Advantages Of A Pharmacy Network

July 11, 2018
pharmacy network

Advantages of a Pharmacy Network

A pharmacy network is a group of pharmacies that have come together to offer their member’s covered products and services. To form a network, usually the biggest supplier contracts with other pharmacies to create a network that spreads across the state. All the pharmacies that form a network sign a contractual agreement that covers nearly all aspects of the business which include Medicare plans, Commercial plans, Hospice and lots of other specialty programs. Here are 5 advantages of a pharmacy network.

Potential Cost Savings

One of the major advantages of pharmacy networks is that they help customers save money. According to the Pharmaceutical Care Management Association, people who use limited and preferred pharmacy networks could save an additional $115 billion over the next 10 years. Pharmacies in a network follow a proprietary MAC (Maximum Allowable Cost) list that ensures that customers are paying the most appropriate price for their drugs. They offer a wide range of options while designing the network to ensure that the needs of the client are well met.

Improved Drug Adherence Programs

Drug adherence entails listening to and understanding the needs of the patient and often influencing them to follow their prescribed medications. A research by the National Community Pharmacists Association (NCPA) shows that about two-thirds of Americans who take medications do not take them correctly. This costs the United States healthcare system over $300 billion each year. Florida Pharmacy networks synchronize a patient’s medication so that they all come due at the same time. By synchronizing medications, there’s frequent communication with the patient about their refills as well as opportunities for ongoing education.

Prescription Drug Benefits

Going on a trip can interrupt a regular medication intake schedule. It’s a good practice to ensure that there is enough medication for the trip. However, running out or losing prescription drugs while traveling within the U.S. can be covered within a pharmacy network. Prior to filling a prescription, ensure the Member Services Department is contacted to check if there’s a network pharmacy in the traveled area. If there’re no network pharmacies, arrangements will be made to get prescriptions from an out-network pharmacy.

Preferred Drug List

Members of a pharmacy can be provided with a Preferred Drug List to show the medicines covered by the network. A doctor will use the list to pick the best medications for treatment. The list is regularly reviewed by pharmacists and doctors to ensure that only the most effective and safest drugs are on the list. When the doctor gives medicine that is covered in the list, the prescription can be filled quickly at any of the in-network pharmacies.

Prescription Delivery

A pharmacy network can arrange for delivery of new and refill prescription for eligible members located in nursing homes and residential facilities. The facility or nursing home staff will help patients take the medication correctly. They will also help order your refills on time.

These are just some of the top benefits of joining one of the best pharmacy networks. Our Pharmacy Network is South Florida’s premier prescription medication network. We have numerous pharmacies in our network and we offer medication delivery. Contact us today to speak with one of our qualified representatives at 1-844-238-9313.   

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