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Drug Float Calculation for Buy and Bill Medication

If your practice needs to purchase medications to administer in-office (such as infusions or injections), you would typically follow a buy-and-bill model of reimbursement and get the drugs directly delivered to your organization. There are several benefits to using this …

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How Technology is Helping to Improve Patient Care

Technology can play a vital role in improving patient care and safety. The right tools can, in fact, assist healthcare providers in reducing medical errors, communicating better between clinicians, and encouraging people to be more involved in their care. In …

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Case Costing in Surgery Centers

Case Costing in Surgery Centers Keeping a tight rein on costs and managing operational efficiency are the hallmarks of every successful surgical center. Case costing analysis, which captures both the costs of supplies used as well as any indirect costs …

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The Cost of Dispensing the Wrong Medication

The Cost of Dispensing the Wrong Medication As per the statistics, the frequency of incidents involving the incorrect medication dispensing is alarmingly high. According to the Food and Drug Administration (FDA), they receive a staggering 100,000 reports annually concerning such …

ABC Analysis in Medical Inventory Management

ABC Analysis in Medical Inventory Management

In hospitals, more than a third of the budget is allocated to supplies. According to a case study by the SAC College of Pharmacy, introducing inventory control measures for managing the most expensive medicines in a 1500-bed government-run hospital can …

A buy-and-bill approach covers the distribution, administration, and reimbursement of drugs. Here are its main benefits, cons, and alternative methods.

What is Buy-and-Bill, and What is it Used For?

When physician offices make purchasing decisions for acquiring drugs, they usually follow a buy-and-bill process. The ‘buy’ aspect refers to providers ordering the medication, while the ‘bill’ has to do with getting reimbursements from third-party payers. This model offers several …

There are many benefits to using medical inventory software in your clinic.

How Using Medical Inventory Software Helps Your Clinic

The healthcare sector is growing thanks to greater access and consistent life expectancy increase. As a result, many clinics are struggling to keep up with the demand and improve their return on investments. This is why most healthcare organizations are …

COVID-19

The Results of Our COVID-19 Retina-Ophthalmology Survey

Recently, ArbiMed Inventory asked those in the Retina community to share with us the impact that COVID-19 has had on their practices. Here’s what we learned… Our recent survey of Retina and multi-specialty practices provided some noteworthy insights regarding the …