Pharmaceutical Supply & Drug Solutions
Edge BioPharma is strongly committed to offering you the best pharmaceutical products, prescription assistance and healthcare services as well as enhancing the quality of care in your practice. We offer a wide range of pharmaceuticals, healthcare services, supplies and prescriptions services designed to help you meet your practice needs and—we are dedicated to providing better, safer patient care.
In House Physician dispensing by Edge BioPharma enables doctors and clinics to offer their patients timely, convenient, and hassle-free alternatives for receiving their medication.
In-house pharmaceutical and specialty dispensing is growing rapidly, driven by provider vertical integration, financial incentives, and patient convenience. Healthcare practices and health systems increasingly manage high-cost drugs directly to capture lost revenue margins and improve treatment adherence.
Key Drivers of Growth
At Edge BioPharma we can connect you to pharmaceutical solutions providers to help you manage your practice and drive medication adherence and compliance.
Key Drivers of Growth
- Specialty Expansion: Studies show massive adoption across medical specialties, led by a 20-fold increase in primary care, urology, fivefold in rheumatology, and major growth in oncology, OB/Gyn, orthopedics, pulmonology, gastroenterology practices and super accelerate growth within the Urgent Care marketplace.
- Health System Investment: In-house pharmaceutical dispensing has heavily accelerated by participation in the 340B drug pricing program and changes in manufacturer contract policies.
- Improved Workflow: Direct-to-patient (DTP) in-house models bypass external prior authorization roadblocks, lowering prescription abandonment rates to under 5% compared to the 20% industry average.
Benefits and Practice Impact
- Financial Margin: Retaining dispensing value helps clinics offset declining procedure reimbursements and fund internal patient services. Private practices can see an increase in the overall practice revenue stream ranging from $300k to over 1 million. Urgent cares can increase revenue from 1 million to over 3 million dollars annually.
- Patient Compliance: Immediate point-of-care fulfillment ensures patients start therapies in under two days rather than waiting weeks for external specialty routing
The benefits of physician dispensing are vast!
Improved Patient Care and Compliance:
Unfortunately, patients do not fill or properly comply with their prescriptions approximately 25% of the time. This delays recovery, increases risk, and can result in unnecessary patient hospitalization. By improving compliance by dispensing medication at the point of care, your patients will enjoy better outcomes. This helps your clinic, practice, urgent care by incentivizing positive reviews and word-of-mouth referrals.
Greater Patient Satisfaction:
Patient satisfaction goes up with physician dispensing with Edge BioPharma. In addition to improved outcomes, patients benefit from the convenience of in-office dispensing. Injured, elderly, or mobility-challenged patients particularly benefit from not having to make an extra trip to the pharmacy, waiting in lines, and waiting for their medication to be dispensed.
Increased Clinic Efficiency:
Physician dispensing with Edge BioPharma means that it will take approximately two minutes to dispense a prescription, total. You don’t have to find out the patient’s preferred pharmacy, send them prescriptions, or field verification calls or authorizations. Spend this time instead with patients or growing your practice.
New Revenue Streams:
Clinics that provide in-house dispensing with Edge BioPharma have seen sustained revenue and profit growth of up to 50% – without having to take on additional staff, equipment, or patients. In addition to this direct financial benefit from physician dispensing, clinics also increase patient satisfaction and outcomes which reduces churn, improves reviews, and increases referral patients. When you write a prescription for a patient, why let Walgreens, CVS or other make the prescription fill when you can make it yourself!
Why Use Edge BioPharma?
Large Medication Formulary:
Edge BioPharma acquires medications from multiple high-quality US-based pharmaceutical companies, all of which are FDA approved. Think of us as a Walgreens or CVS that wholesales directly to clinic, private practices, urgent cares, Med Stops, Concierge physicians, etc. We have an exceptionally large formulary full of both branded and generic medications.
Competitive Prices:
Edge BioPharma sources medications from multiple sources, allowing us to seek out the very best prices on your behalf. In many cases, our prices are so competitive that patients will often find it more desirable to buy medications from you (even with a markup for your practice’s profit) than to pay the co-pay at the pharmacy.
Reputable Medication Suppliers:
Edge BioPharma is committed to providing only safe and effective products that meet or exceed the most stringent quality requirements. We only work with the most reputable U.S.-based, FDA and DEA compliant facilities.
Real-Time Inventory Management:
Edge BioPharma's software tracks your inventory of all of your medications accurately and in real time. Every time you dispense medication at the point of care, the software updates automatically (and, if necessary, automatically reports it to appropriate regulatory bodies). It also has a process built-in that automatically checks that you are dispensing the correct medication and that the medication you are dispensing has not expired.
Rapid Order Processing and Shipping:
Depending on your location, our shipping times range from next day to 2-3 business days.