SOURCE: MGIS

The MGIS Companies

March 07, 2011 13:52 ET

New MGIS Physician Dispensing Program Offers Improved Patient Satisfaction and Practice Profitability

Web-Based System Instantly Adjudicates Claims, Minimizes Staff Impact, Adds $25,000/Doc Net Annual Profit While Improving Overall Patient Experience

SALT LAKE CITY, UT--(Marketwire - March 7, 2011) - MGIS, the leading nationwide provider of specialized insurance products for physician groups, today announced the introduction of the HealtheOffice Physician Dispensing Program. The program provides a turn-key web-based system that allows medical groups to quickly and profitably dispense prescribed medications in the office at the end of each patient visit. The online system instantly adjudicates claims, providing patients with an experience virtually identical to a pharmacy -- without the additional 30-40 minute wait and travel time. Higher levels of patient satisfaction and compliance combined with attractive practice profitability have fueled recent growth of this ancillary service.

"While the idea of dispensing is not new, the technology surrounding it has totally changed the game," said Jeff Brunken, president of The MGIS Companies. "Instant, online claims adjudication and automated inventory control have resolved the drawbacks of earlier solutions, making dispensing attractive for both the patient and the practice."

Physician dispensing provides high levels of patient convenience and satisfaction, and addresses the fact that an estimated one-third of patients never fill their prescriptions. "With prescriptions in hand at the end of a visit, patients are more likely to comply with the physician's orders and regimens," Brunken said.

The solution's efficiency minimizes impact on already stressed staff resources in most medical groups. "Staff impact is basically time-neutral," Brunken said. "The two minutes it takes to dispense each patient is more than compensated by a dramatic reduction in pharmacy-related faxes and phone calls." Claims are entered, adjudicated and settled in seconds electronically -- completely eliminating cumbersome paper-based manual processes.

The MGIS system, provided in partnership with MedX Sales, Inc., maximizes the options for reimbursement, including cash and carry, private pay(1), Medicare and Medicaid(2), Worker's Compensation and PIP insurance programs. As a result, groups using the program report an average increase in annual net profits of $25,000 - $30,000 per provider.

The MGIS Physician Dispensing Program is the newest offering of the recently introduced MGIS HealtheOffice, a family of non-insurance products and services that improve the operating and business side of running a medical practice.

Details regarding the program are available through the company's extensive network of insurance brokers, or by contacting MGIS directly.

About MGIS
Medical Group Insurance Services, Inc. (MGIS) is a wholly owned subsidiary of The MGIS Companies, whose operating companies provide specialized Group Disability Insurance, Medical-Professional Liability Insurance, and practice improvement ancillary products and services exclusively for physicians. The MGIS Group Disability policies are backed by Sun Life Financial, one of the largest and highest-rated insurance companies in North America. The MGIS medical-professional liability insurance policies are backed by Freedom Specialty Insurance Company, a Nationwide® Company, rated "A+" (Superior) by A.M. Best. The most recent addition to our Health eOffice family of ancillary services -- physician point-of-care drug dispensing -- is provided through a partnership with MedX Sales, Inc. a leading nationwide dispensing solution provider. With a rich tradition of service excellence, MGIS has worked hand-in-hand with local brokers and benefit advisors since 1969 and served more than 8,000 physician groups, 800,000 group members, and 135,000 physicians nationwide. More information is available at www.mgis.com.

(1) Private pay carrier participation in point-of-care dispensing varies by state and by carrier. Please check specific participation for payors utilized by your panel of patients, or contact MGIS for assistance.

(2) Medicare and Medicaid reimbursement policies vary by state, and dispensing reimbursement is not available under these government programs in all states. Please check for specific policies in your state, or contact MGIS for assistance.

Contact Information

  • Contact Information
    Mark Dayton
    HealtheOffice Program Manager
    MGIS
    800-969-6447, ext. 154
    Email Contact