Advanced Analytics are Vital to an In Office Dispensing Program's Success
The advanced analytics available through the SON make it easy for practices to measure performance and optimize patient care. One tool, Smart Rx Analyzer, provides a dynamic view of a practice’s dispenses so staff can quickly detect patterns and take steps to improve clinical operations and efficiencies.
With the ability to export dispensing data — and easy to interpret graphs and visuals — practices can determine high and low capture rates by prescriber and drug, evaluate margin changes with adjustable capture rate percentages and modify practice workflow to improve capture rates.
Data is refreshed daily, resulting in analytics that help practices quickly adapt to dispensing trends. A one-click DIR (direct and indirect remuneration) fee calculator applies estimated DIR fees to margins, making it easier to manage the bottom line. In addition, practices can manage their compliance to contracts and benchmark their dispensing metrics against other practices in the SON.
Smart Rx Analyzer uses a practice’s dispensary’s processing system’s data supplemented with acquisition costs from Oncology Supply drug purchases. The practice’s dispense data is combined with a list of oncology drugs from a third-party data intelligence source to calculate in-office capture rate.
Practices interested in learning more about how in-office dispensing and Smart Rx Analyzer can maximize their practice’s revenue and enhance patient care should contact SON@iononline.com.