How the Buy and Bill Model can transform Dermatology Practices by Angie Lee
Dec 2, 2024
Maximizing Patient Access: Buy-and-Bill Strategies for Dermatology Practices
By: Angie Lee
The world of healthcare is constantly evolving, and dermatology practices face unique challenges in ensuring patients have uninterrupted access to biologic therapies. Medications like Stelara, Ilumya, Cimzia, and Xolair can significantly improve patients’ quality of life, but navigating the logistics of these treatments can be tricky. Enter the buy-and-bill model—a streamlined, practice-controlled approach that’s transforming patient care.
Let’s dive into what this model is all about, why it’s a game-changer, and how your dermatology practice can implement it effectively.
What Is the Buy-and-Bill Model?
The buy-and-bill model is straightforward: your practice purchases medications directly from a wholesaler, administers them in-office, and then bills insurance for reimbursement. Sounds simple, right? The beauty of this system lies in its ability to bypass common roadblocks like shipment delays, copay card restrictions, or accumulator programs that can delay therapy.
Why Should Dermatology Practices Choose Buy-and-Bill?
Here’s why this model is making waves:
1. Timely Access for Patients
No more waiting for specialty pharmacies to ship medications. With the buy-and-bill model, treatments are readily available on-site, allowing patients to start or continue therapy without frustrating delays.
2. Greater Control Over Treatment
When medications are managed in-house, your practice retains full oversight. From administering therapies to monitoring patient responses and handling any adverse reactions, you’re in control every step of the way.
3. Streamlined Billing and Cost Management
Say goodbye to the administrative headaches caused by third-party pharmacy processes. The buy-and-bill approach simplifies reimbursement and reduces dependency on external entities, making life easier for your billing team.
Top Medications in Dermatology That Fit the Buy-and-Bill Model
Certain injectable treatments are particularly well-suited for this approach:
Stelara (ustekinumab): Treats moderate-to-severe plaque psoriasis and psoriatic arthritis.
Ilumya (tildrakizumab): Targets moderate-to-severe plaque psoriasis.
Cimzia (certolizumab pegol): Helps manage moderate-to-severe plaque psoriasis and psoriatic arthritis.
Xolair (omalizumab): Addresses chronic idiopathic urticaria and other dermatologic conditions.