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Physicians' Pharmaceutical Corporation Offers Innovative On-Site Drug Dispensaries
Date:10/13/2010

KNOXVILLE, Tenn., Oct.  13 /PRNewswire/ -- The fastest-growing privately held healthcare company in the country is building its business by building in-office medication dispensing programs for physicians and hospitals in 10 states. Incorporated just five years ago, Physicians' Pharmaceutical Corporation (PPC) placed No. 1 among health companies and No. 15 overall on the 2010 Inc. 5000 list of fastest-growing companies.

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Under the PPC model, patients benefit from the convenience of a one-stop-shopping experience at the doctor's office. Physicians are able to customize dosages and improve patient utilization of medications. In other words, patients are more likely to fill prescriptions and take their medicine if they can purchase it at the time of their visit.

"Increased utilization means better patient outcomes," said Chris Jaffurs, PPC co-owner and vice president of business development. "It's estimated that 10 percent to 40 percent of prescriptions go unfilled nationwide each year."

PPC generated sales of $8.7 million in 2009, making it the highest ranked Tennessee company on the annual Inc. magazine list. The Inc. 5000 ranks businesses according to their last three year's revenue growth. Knoxville-based PPC posted a 9,307 percent growth rate from 2006 through 2009.

In addition to patient convenience and better care, PPC's in-house dispensaries generate a revenue stream for physicians in a climate of shrinking insurance reimbursements. Because the medications are sold for the same price they would be at retail pharmacies, the cost to patients is comparable. Prescription technician
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SOURCE Physicians’ Pharmaceutical Corporation
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