Navigation Links
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.

(Logo:  http://photos.prnewswire.com/prnh/20100817/INC5000LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100817/INC5000LOGO)

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 technicians man the dispensaries, which are not required to have licensed pharmacists on staff. From the patient perspective, these on-site dispensaries operate very much like a pharmacy, digitally maintaining dosages and drug interaction records.

PPC charges participating physicians groups a one-time setup fee for equipment, training and enrollment costs with insurance companies and benefit managers. PPC also offers ongoing profitability analysis and auditing to ensure compliance with state and federal regulatory agencies.

"Doctors don't know what they don't know about controlled substance compliance," Jaffurs said. "90 percent of controlled substances are prescribed by primary care physicians." Jaffurs explained that physicians' groups benefit from PPC's legal expertise and support. "We want to make sure the model works after the sale," he said.

A privately held company, Physicians' Pharmaceutical Corporation was founded in 2005 by George E. Riddle, a pharmacist with 30 years of experience. PPC files all paperwork on behalf of clients for licensing and enrollments with carriers and pharmacy benefit managers. PPC offers ongoing pharmaceutical, compliance, and operational support. For more information visit www.ppcdrx.com or call 865.692.5066.


'/>"/>
SOURCE Physicians’ Pharmaceutical Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Mayo Clinic Physicians Report Findings from Research on Sleep Disorders
2. Bayer Issues Additional Guidance to Physicians on Trasylol(R)
3. Leading Physicians Present Interim Results from Multi-Center Studies of VNUS ClosureFAST Catheter at VEITHsymposium
4. Physicians Will Benefit from Medical Software Advice Website
5. Physicians Reconsider Implications of Enhance Trial
6. US Oncology Affiliated Physicians Make a Strong Showing in ASCO Proceedings
7. AlphaDetail AlphaPulse(TM): Most Practicing Physicians React Positively to FDA Panels Recommendation for Additional Cardiovascular Safety Trials for New Diabetes Medications.
8. Physicians Estimate That if Approved, Ceftobiprole Will Steal Nearly a Third of Zyvoxs Patient Share in the Treatment of Nosocomial Pneumonia
9. Physicians Health Study II Finds No Magic Bullet for Preventing Cardiovascular Disease
10. Coalition for 21st Century Medicine Issues Statement in Opposition of Genentech Petition to Restrict Lab Use of Diagnostic Tests for Physicians and Patients
11. Fertility Physicians of Northern California Researchers Test New Forms of Progesterone Medication for Luteal Support During IVF
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... GARDENS, N.Y. , Dec. 2, 2016  LifeVac, ... will be included in the Emergency Response Training and ... are very excited to have LifeVac become part of ... Lih , Founder and CEO of LifeVac. "Having an ... LifeVac safely and effectively will help leverage our efforts ...
(Date:12/2/2016)... Dec. 2, 2016  PipelineRx, a leading medication management ... offering demonstrations of its SaaS-based telepharmacy platform, ... Pharmacists 2016 Midyear Clinical Meeting and Exhibition, December ... With nearly 300 hospital clients nationally, the Company ... designed to dramatically improve pharmacy operations, enhance patient ...
(Date:12/2/2016)...  Maxor National Pharmacy Services, LLC ("Maxor"), today announced that ... The combination of Texas -based Maxor Specialty ... bring together both company,s clinical expertise and high-touch patient service ... specialty pharmacy. About Maxor ... , , ...
Breaking Medicine Technology:
(Date:12/2/2016)... ... ... Lori G. Cohen and Sara K. Thompson , shareholders in ... Conference Institute’s 21st Drug & Medical Device Litigation Conference , taking place in New ... Cohen, who chairs the firm’s Pharmaceutical, Medical Device & Health Care Litigation Practice and ...
(Date:12/2/2016)... ... December 02, 2016 , ... Advanced Inc., a leading provider of travel ... CPA, MBA to serve as Advanced Inc.’s Chief Financial Officer, effective December 1, 2016. ... brings extensive financial and operational leadership experience to Advanced Inc. He began his career ...
(Date:12/2/2016)... ... 2016 , ... With the number of pain management programs available for people ... the one that works for them. When an inventor from Suisun City, Calif., was ... decided to share it with others. , He developed a prototype for PRO GO ...
(Date:12/2/2016)... Delaware (PRWEB) , ... December 02, 2016 , ... ... released a new version of its SaaS LIMS, CloudLIMS Lite. CloudLIMS Lite helps ... sample entry through labeling, storing, shipping and disposal. The new version is a ...
(Date:12/2/2016)... , ... December 02, 2016 , ... Yisrayl Hawkins, at ... into how this current generation fits into Bible Prophecy. Yisrayl says this generation, known ... pointing to this conclusion, showing how the details line up exactly with Bible Prophecy ...
Breaking Medicine News(10 mins):