Ambulatory Practice Business Models Flashcards
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Read the first 7 Ambulatory Practice Business Models flashcards as text
Which billing model allows pharmacists to bill for cognitive services under a 'incident-to' arrangement in an outpatient clinic?
Answer: Incident-to physician billing under Medicare Part B
Incident-to billing under Medicare Part B permits pharmacists to bill for services provided as an extension of a physician's care in an outpatient setting.
A pharmacist-run anticoagulation clinic wants to demonstrate its value to hospital administration. Which metric is MOST compelling for a business case?
Answer: Reduction in warfarin-related hospitalizations and associated cost savings
Demonstrating cost avoidance through reduced hospitalizations directly speaks to the financial return on investment for administration.
In a Patient-Centered Medical Home (PCMH) model, the ambulatory care pharmacist's role is BEST described as:
Answer: Integrated team member providing medication management within care coordination
In PCMH, pharmacists are embedded team members who contribute to coordinated, comprehensive care for the patient panel.
Which reimbursement mechanism most directly supports pharmacist-provided Medication Therapy Management (MTM) services under Medicare?
Answer: Medicare Part D standalone MTM program funding
Medicare Part D requires Prescription Drug Plans to provide MTM programs for targeted beneficiaries, funding pharmacist-delivered services.
A collaborative practice agreement (CPA) in an ambulatory care setting PRIMARILY enables pharmacists to:
Answer: Initiate, modify, or discontinue drug therapy under defined protocols
CPAs authorize pharmacists to manage drug therapy under pre-agreed protocols in collaboration with a supervising physician.
When developing a business plan for a new ambulatory pharmacy service, a break-even analysis is used to determine:
Answer: The volume of services required for revenue to equal total costs
Break-even analysis calculates the service volume at which total revenue equals total fixed and variable costs.
A federally qualified health center (FQHC) pharmacist provides clinical services. Under the FQHC prospective payment system (PPS), how are pharmacist services typically reimbursed?
Answer: Bundled into the FQHC per-visit encounter rate
FQHC services are reimbursed at an all-inclusive per-visit PPS rate that bundles all covered services rendered during the encounter.