Learn About RxCompass
RxCompass is a web-based analytics platform, populated with claims data from the pharmacy dispensing system and represented in a variety of dashboards, reports, and tools. Quite simply, RxCompass was built to report, providing pharmacies with a robust, proven solution for streamlining data aggregation and analysis. Users can quickly research reimbursement performance by plan, formulation, drug, patient, or household, and effectively manage refill adherence proactively and reactively.
As with any reporting, data accuracy is key. American Pharmacies follows a strict validation process to ensure enrolled Members enjoy accurate data and subsequent calculation of profitability. As originators of all cash and third-party Rx claims activity, pharmacies play a pivotal role in this process and largely determine the accuracy of profitability within dispensing data. To confirm an accurate understanding of pharmacy financials, verifying accuracy is extremely important and highly recommended whether data is populated in platforms such as RxCompass or not.
Like the industry it serves, RxCompass is constantly evolving. Platform capability, utilization optimization, and targeted reporting needs are regularly evaluated to keep RxCompass users at the forefront in a consistently actionable, verifiable way. Reports are available by subscription at parameters of each user’s choosing, streamlining accessibility and keeping key initiatives front-and-center despite a steady, regularly interrupted workload among pharmacy professionals. Being a web-based solution, RxCompass is great for users on the go, accessible anywhere a secure internet connection is available.
Guided Growth
How profitable is your refill adherence program? Are you able to measure adherence ROI quickly and accurately? If using an automated adherence solution, do patients ever report confusion from that outreach? Over years of partnering with our Members to develop a now statistically proven program, American Pharmacies proudly offers RxCompass users a best-in-class solution for effectively managing adherence. Guided Growth was created to yield optimum efficiency, maximum ROI, and grows patient relationships along the way via personal outreach. Historically, this successful outreach captures past-due refills from the patient and occasionally others in the same household, targets related nutrient depletion, and expands med sync enrollment, all within a 1 to 2-minute phone call.
Participants are capturing so much per successful call that, on average, when picking up the phone to address refill adherence, pharmacies utilizing Guided Growth average 1 gained fill for every phone number they dial. This considers calls placed but not answered, calls answered but unsuccessful, and calls answered with past-due refills secured. Pharmacies have limited time apart from traditional workflow and ideally, any additions will be both effective and efficient. As a result of the successful efforts of American Pharmacies Members, we can confidently boast the following: Refill adherence can simultaneously be effective, efficient, and profitable. Can you afford to not consider Guided Growth?
Guided Growth ROI Expectations
Average Call Length
1 to 2 mins
Fills per Patient
2
Fills per Call Placed
1
Profit per Rx
$15
Profit per Patient
$31
GPM
25%
Call Answer Rate
50%
Call Success Rate
60%
*All profit values are pre-rebate.
To date, participating American Pharmacies Members have captured in excess of $10M total revenue and more than 130K total prescriptions!
RxCOMPASS & Guided Growth helped Steve Hoffart, PharmD, boost his pharmacy’s profits after he lost his biggest prescriber.
Inquiry & Research Workflow
How often do you wonder how certain plans, drugs, patients, and/or households affect your pharmacy business? These are important questions to ask as each patient’s unique plan/drug(s) combination determines the rate of reimbursement and ultimate profitability. With reimbursement on a downward trend and brand drug cost continuing to rise, understanding the impact of reimbursement remains critically important. The rate of Rx reimbursement is largely driven by plan, plan type, drug, and days’ supply, all of which are considered by RxCompass reporting. RxCompass users enjoy streamlined access to this data and can swiftly pinpoint the plan/drug combinations impacting their businesses most.
Workflow
Performance Inquiry
Transactional Report
Plan (BIN/PCN/Group)
Reimbursement Rate
Drug Name/NDC
RxCompass Top NDC
Patient/Household
Patient Value
RxCompass is capable of all of this and much, much more. Contact your American Pharmacies representative today for more info!
