Combo Pharmacies

Combo Pharmacies

Do you operate a ‘combo pharmacy’?

Many retail independent pharmacy operators and owners are unaware that they have ventured into the LTC pharmacy sector. You operate a combo pharmacy if you’re currently providing compliance packaging to any of the following LTC settings:

  • Assisted Living Facilities
  • Skilled Nursing Homes
  • Group/Personal Care Homes
  • Correctional Facilities
  • Intermediate Care Facilities – Individuals with Intellectual Disabilities (ICF-IID)
  • Hospice
  • Medical at Home
  • Developmentally Disabled Group Homes
  • Chronic Psychiatric Facilities

Benefits

ComboMed™ is tailored to enhance your bottom line through the following:

Increased Reimbursement

  • Access to competitively-negotiated LTC reimbursment rates through our Medicare Part D network:
    • Most Medicare Part D LTC plans
    • 90% of commercial and retail payers
  • No DIR fees on your Medicare Part D LTC claims!
  • Access to services that decrease risk and maximize reimbursement:
    • Customizable analytic reports
    • 835/EOB remittance advice management
    • PBM audit assistance
    • MAC appeal/resolution
    • Part D formulary management software

Decreased Cost-Of-Goods

From pharma to non-pharma contracts, our contracting expertise will enable sustainable cost reductions that yield the peace-of-mind needed to endure the challenges and demands of operating your pharmacy business.

Pharmaceutical Contracts:

  • Brand
  • Specialty
  • Injectable
  • OTC Medications
  • Nutritional Supplements

Non-Pharmaceutical Contracts:

  • Facility/Office equipment, furniture & supplies
  • Pharmacy equipment, products & services
  • Delivery, freight & shipping services
  • Technology solutions (IT, software, etc.)

LTC Growth

A partnership with GeriMed will equip your pharmacy with:

  • Over 30 years of LTC expertise to help your combo pharmacy
  • Well-established LTC advocacy and representation
  • Education/empowerment tools that will position your pharmacy as a leading healthcare industry provider

Features

The ComboMed™ program includes the following key features:

  • Simple enrollment
  • Low cost, flat membership fee (no growth penalty!)
  • Minimal implementation operational changes required
  • Compatibility with most software vendors
  • Dedicated account management
  • Access to resourceful Members Only portal

 

“The ComboMed retail pharmacy solution has resulted in peace-of-mind for our pharmacy team, as we can rely on GeriMed’s vast long-term care knowledge and experience in helping us grow that aspect of our pharmacy book of business. From the enhanced reimbursment, to the purchasing discounts, and personalized service, this is the perfect business partner to impact our revenue, operational efficiencies, and overall growth.”

Mark Vogler, R.Ph.
Owner, Martin-Tipton
Pharmacy, LLC
GeriMed