As we all know compound pharmacy is one of the many revenue streams Mr. Schneiderman has created to help fortify SCRC's financial success. In a recent PR, Bob reported revenues of $494K in one month. Folks, this is just the beginning of the $$ potential compound pharmacy can add to SCRC's bottom line. Although I have been in the pharma industry for over 36 years, I am just now learning more about this aspect of the business. There is so much information available on compound pharmacy. Below is info I located in an article when I goggled compound pharmacy and a good beginning to learning more about this incredible opportunity for SCRC.
Why would a physician prescribe a compounded medication?
Because every patient is different and has different needs, customized, compounded medications are a vital part of quality medical care. The basis of the profession of pharmacy has always been the "triad," the patient-physician-pharmacist relationship. Through this relationship, patient needs are determined by a physician, who chooses a treatment regimen that may include a compounded medication. Physicians often prescribe compounded medications for reasons that include (but are not limited to) the following situations:
• When needed medications are discontinued by or generally unavailable from pharmaceutical companies, often because the medications are no longer profitable to manufacture;
• When the patient is allergic to certain preservatives, dyes or binders in available off-the shelf medications;
• When treatment requires tailored dosage strengths for patients with unique needs (for example, an infant);
• When a pharmacist can combine several medications the patient is taking to increase compliance;
• When the patient cannot ingest the medication in its commercially available form and a pharmacist can prepare the medication in cream, liquid or other form that the patient can easily take; and
• When medications require flavor additives to make them more palatable for some patients, most often children.
Also, compounding is extremely important to the veterinary community, which often requires more flavors, dosages and potency levels than commercially available back medications supply.
