Physicians across the country are exhausted and overwhelmed with paperwork, in part, due to increased regulation. Most doctors love interacting with patients. Unfortunately, current work trends are eroding job satisfaction. This trend is also impacting private medical practices financially. Physicians are spending more time with paperwork and less time with patients.
An increase in prior authorizations for needed medications and procedures are adding to the financial stress of the physician. A Kaiser study performed in 2012 estimated that all doctors combined spend more than 868 million hours of uncompensated time per year on prior authorization activities. The challenge today is fitting the patient into the doctor’s schedule between paperwork and red tape.
Physician Dispensing is an excellent way to reduce prior authorizations on drug benefits and increase revenue without increasing staff, patient load, or paperwork!