We have been using cost since we went live with Meditech in 1992. It gives a much truer picture of what is happening than does AWP. Also, AWP will not be around much longer as formulary vendors such as FDB will not be allowed to publish this data. All the more reason to use cost. Charlie Charles Downs Pharm.D. Washington County Hospital Inpatient Pharmacy 251 E. Antietam Street Hagerstown, MD, 21740 301-790-8904 ----- Original Message ----- From: [EMAIL PROTECTED] To: meditech-l@MTUsers.com Sent: Tuesday, March 27, 2007 12:52 PM Subject: [MEDITECH-L] Pharmacy Revenue II
Since the question of changes in pharmacy revenue has been posted, it has brought another question to mind. I have noticed that in all of the responses posted, the contributors are referencing their AWPs. About a three years ago, based on the recommendations of several Medicare consultants, we switched all of our charge formulas to cost based rather than AWP. This has been a difficult process for me as it has obviously considerably reduced our revenue. My question for the "L" is, what are other pharmacies basing their charge formulas on? AWP, acquisition, or something else? Bob Cutter, RPh Lead Pharmacist Willamette Falls Hospital 503-650-6243 ========================================================= IMPORTANT NOTICE: This communication, including any attachment, contains information that may be confidential or privileged, and is intended solely for the entity or individual to whom it is addressed. If you are not the intended recipient, you should contact the sender and delete the message. Any unauthorized disclosure, copying, or distribution of this message is strictly prohibited. Nothing in this email, including any attachment, is intended to be a legally binding signature. ------------------------------------------------------------------------------ =*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*= To subscribe or unsubscribe to the meditech-l, visit MTUsers.NET. To check the status of the meditech-l, visit MTUsers.NET. For help, email [EMAIL PROTECTED] Visit the MTUsers WikiPedia at MTUsers.NET/mwiki ______________________________________ meditech-l mailing list meditech-l@MTUsers.com http://mtusers.com/mailman/listinfo/meditech-l ***** CONFIDENTIALITY NOTICE ***** This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.
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