APRx Value Propositions
Our Baseline is Excellence
American Pharmacies offers an expanding range of valuable programs to support its members. Our expert consultants can connect you with strategic partners to help you implement these opportunities effectively. In today’s competitive market, it’s crucial for independent pharmacies to diversify and provide meaningful value to their communities. As a committed advocate, APRx carefully selects partnerships that enhance the experience and benefits for both members and the cooperative.
Learn more about our culture and value propositions.
Get to know our preferred vendors & partners.
Discuss these opportunities with your APRx consultant and let us help you maximize your membership today!
Performance Evaluation & Monitoring
Maximize Your Success
APRx programs offer powerful benefits for members, helping them drive value and efficiency through expert performance tracking. With your APRx PBCs monitoring participation and performance trends, members can easily identify what’s working and maximize returns. Regular check-ins with a dedicated consultant provide valuable insights, fostering a close partnership that enhances member success and strengthens their co-op connection.
Maximizing In-House Opportunities
Unlocking Your Pharmacy’s Potential
Every pharmacy operates uniquely, but they share a vital commonality: the potential to leverage in-house opportunities. While patient volume and demographics may vary, enhancing each patient’s experience is key to achieving optimal health outcomes. A best practice is to treat every customer as a patient, fostering relationships with your pharmacy team to understand their needs better.
As the most accessible healthcare resource, pharmacy professionals have the unique advantage of connecting with patients multiple times a year. The effectiveness of these interactions is crucial for helping patients meet their health goals, making a strong relationship with their community pharmacy invaluable.
To thrive in the future, pharmacies should explore and discuss all available opportunities for their patients and households. This approach builds trust, reduces patient turnover, and ensures that the full range of community pharmacy services is used. Moreover, maintaining relationships with existing patients is significantly more cost-effective than acquiring new ones.
Success often hinges on collaborating with strategic partners to ensure efficiency and resourcefulness when challenges arise, ultimately maximizing returns for all parties involved.
Profitable Refill Adherence
The Adherence Advantage
Refills are essential to the pharmacy business, with community pharmacies increasingly recognizing the importance of managing refill adherence. Health plans also acknowledge this, particularly with the rising adoption of med sync driven by Star Ratings performance requirements. Med sync has notably improved adherence rates nationwide, benefiting both patients and pharmacies by promoting more fills per patient each year. This practice not only enhances clinical outcomes but also positively impacts the pharmacy’s profitability, resulting in fewer hospitalizations.
However, the profitability of adherence programs is often overlooked, and accurately measuring their ROI can be challenging. It is crucial for pharmacies to establish clear performance expectations and metrics for monitoring success. APRx members are well-positioned to leverage the Guided Growth adherence program, which provides comprehensive weekly reports that detail efficiency and ROI. By focusing on profitability and efficiency, and fostering personal patient interactions, pharmacies can sustain refill adherence and strengthen patient relationships, leading to improved outcomes for both patients and the business.
Pay for Performance (P4P) & Medical Billing
Drive Value Beyond Prescriptions
American Pharmacies works closely with Elevate, the PSAO for our wholesale partner, Cencora to provide member pharmacies with essential support in understanding patient opportunities and managing their workloads. The focus is on capturing additional value beyond prescriptions to enhance patient care and increase revenue per household. This approach can help offset the impact of poorly reimbursed prescriptions, which can vary by patient drug mix and insurance plans.
Additionally, we emphasize the importance of medical billing as a strategy for pharmacies to improve clinical outcomes. We offer assistance to pharmacies aiming to implement medical billing, ensuring a smooth process and prompt reimbursement.
