Pharmacist Compensation for Cognitive Services

Focus on the Physician Office and Community Pharmacy

Kathleen A. Snella, Renee R. Trewyn, Laura B. Hansen, J. Chris Bradberry

Research output: Contribution to journalReview article

18 Citations (Scopus)

Abstract

We provide a stepwise approach for the clinical pharmacy practitioner in the physician clinic or community pharmacy setting to secure compensation for cognitive services. How to establish compensation for pharmacist services is explored, including evaluating the payer mix, developing a relationship with the first- or third-party payer, becoming credentialed with a third-party payer, and creating a fee structure. We detail the physical process of billing, which involves completing appropriate billing forms, appropriately using billing codes, documenting cognitive services in the patient record, and obtaining the proper waivers and/or approvals to provide specific services such as laboratory services and immunizations. This comprehensive review of compensation for cognitive services available in the community pharmacy and physician office environment is designed to be a template for pharmacists to further develop specific strategies, implement fee structures, and obtain compensation in their pharmacy environment and payer mix. Exploration into these innovative markets will enable pharmacists to increase revenue as they enhance and expand their cognitive services for patients.

Original languageEnglish
Pages (from-to)372-388
Number of pages17
JournalPharmacotherapy
Volume24
Issue number3
DOIs
StatePublished - Mar 2004

Fingerprint

Physicians' Offices
Pharmacies
Pharmacists
Compensation and Redress
Health Insurance Reimbursement
Fees and Charges
Physical Phenomena
Immunization
Physicians

All Science Journal Classification (ASJC) codes

  • Pharmacology (medical)
  • Pharmacology, Toxicology and Pharmaceutics(all)

Cite this

Pharmacist Compensation for Cognitive Services : Focus on the Physician Office and Community Pharmacy. / Snella, Kathleen A.; Trewyn, Renee R.; Hansen, Laura B.; Bradberry, J. Chris.

In: Pharmacotherapy, Vol. 24, No. 3, 03.2004, p. 372-388.

Research output: Contribution to journalReview article

Snella, Kathleen A. ; Trewyn, Renee R. ; Hansen, Laura B. ; Bradberry, J. Chris. / Pharmacist Compensation for Cognitive Services : Focus on the Physician Office and Community Pharmacy. In: Pharmacotherapy. 2004 ; Vol. 24, No. 3. pp. 372-388.
@article{6fa22b24b9f04233a0bc354da01980d2,
title = "Pharmacist Compensation for Cognitive Services: Focus on the Physician Office and Community Pharmacy",
abstract = "We provide a stepwise approach for the clinical pharmacy practitioner in the physician clinic or community pharmacy setting to secure compensation for cognitive services. How to establish compensation for pharmacist services is explored, including evaluating the payer mix, developing a relationship with the first- or third-party payer, becoming credentialed with a third-party payer, and creating a fee structure. We detail the physical process of billing, which involves completing appropriate billing forms, appropriately using billing codes, documenting cognitive services in the patient record, and obtaining the proper waivers and/or approvals to provide specific services such as laboratory services and immunizations. This comprehensive review of compensation for cognitive services available in the community pharmacy and physician office environment is designed to be a template for pharmacists to further develop specific strategies, implement fee structures, and obtain compensation in their pharmacy environment and payer mix. Exploration into these innovative markets will enable pharmacists to increase revenue as they enhance and expand their cognitive services for patients.",
author = "Snella, {Kathleen A.} and Trewyn, {Renee R.} and Hansen, {Laura B.} and Bradberry, {J. Chris}",
year = "2004",
month = "3",
doi = "10.1592/phco.24.4.372.33179",
language = "English",
volume = "24",
pages = "372--388",
journal = "Pharmacotherapy",
issn = "0277-0008",
publisher = "Pharmacotherapy Publications Inc.",
number = "3",

}

TY - JOUR

T1 - Pharmacist Compensation for Cognitive Services

T2 - Focus on the Physician Office and Community Pharmacy

AU - Snella, Kathleen A.

AU - Trewyn, Renee R.

AU - Hansen, Laura B.

AU - Bradberry, J. Chris

PY - 2004/3

Y1 - 2004/3

N2 - We provide a stepwise approach for the clinical pharmacy practitioner in the physician clinic or community pharmacy setting to secure compensation for cognitive services. How to establish compensation for pharmacist services is explored, including evaluating the payer mix, developing a relationship with the first- or third-party payer, becoming credentialed with a third-party payer, and creating a fee structure. We detail the physical process of billing, which involves completing appropriate billing forms, appropriately using billing codes, documenting cognitive services in the patient record, and obtaining the proper waivers and/or approvals to provide specific services such as laboratory services and immunizations. This comprehensive review of compensation for cognitive services available in the community pharmacy and physician office environment is designed to be a template for pharmacists to further develop specific strategies, implement fee structures, and obtain compensation in their pharmacy environment and payer mix. Exploration into these innovative markets will enable pharmacists to increase revenue as they enhance and expand their cognitive services for patients.

AB - We provide a stepwise approach for the clinical pharmacy practitioner in the physician clinic or community pharmacy setting to secure compensation for cognitive services. How to establish compensation for pharmacist services is explored, including evaluating the payer mix, developing a relationship with the first- or third-party payer, becoming credentialed with a third-party payer, and creating a fee structure. We detail the physical process of billing, which involves completing appropriate billing forms, appropriately using billing codes, documenting cognitive services in the patient record, and obtaining the proper waivers and/or approvals to provide specific services such as laboratory services and immunizations. This comprehensive review of compensation for cognitive services available in the community pharmacy and physician office environment is designed to be a template for pharmacists to further develop specific strategies, implement fee structures, and obtain compensation in their pharmacy environment and payer mix. Exploration into these innovative markets will enable pharmacists to increase revenue as they enhance and expand their cognitive services for patients.

UR - http://www.scopus.com/inward/record.url?scp=1542316365&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=1542316365&partnerID=8YFLogxK

U2 - 10.1592/phco.24.4.372.33179

DO - 10.1592/phco.24.4.372.33179

M3 - Review article

VL - 24

SP - 372

EP - 388

JO - Pharmacotherapy

JF - Pharmacotherapy

SN - 0277-0008

IS - 3

ER -