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Method for improving pharmaceutical selection ratios in pharmacy implementation of prescription medication dispensing plans

  • US 8,069,059 B2
  • Filed: 03/12/2009
  • Issued: 11/29/2011
  • Est. Priority Date: 04/04/2006
  • Status: Active Grant
First Claim
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1. A method for improving pharmacy medication selection ratios in a prescription fulfillment plan, the method being embodied on a tangible computer readable storage media, wherein the method comprises:

  • a defining a group of related medications dispensed by a pharmacy under said plan, determining the sales price and group sales percentage of each medication within said group, determining therefrom a group-weighted sales price for each said medication, and performing a calculation of a representative price by summing said group-weighted sales prices for all medications within said group;

    b excluding from said group and representative price calculation those related medications which have price structures dissimilar to those medications within said group;

    c establishing a minimum amount at or above which said representative price will be maintained;

    d for each prescription fulfillment of a medication within said group, paying to said pharmacy an amount equal to said representative price;

    e periodically repeating step a; and

    f periodically assessing and when appropriate adjusting said minimum amount of step c;

    whereby each said pharmacy receives an incentive to preferentially fulfill said prescriptions with lower costs medications with said group when consistent with medical efficacy and prescriber instruction.

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