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Buy-and-bill is a process where physician offices receive medications for in-office administration. Providers order the medication (the “buy” part) and receive reimbursements from third-party payers (the “bill” part).
Buy-and-bill is a process for physician offices to acquire medications that providers can administer in the office. The “buy” part refers to providers who are responsible for ordering and purchasing the drug.
This article will cover what buy-and-bill is, its benefits, some popular alternatives to this model (such as clear bagging, white bagging, and brown bagging) and how healthcare professionals can track buy-and-bill medication with medical inventory management to streamline operations and gain better visibility of their inventory while improving ...
How the process works, is typically through a “buy-and-bill” model of reimbursement. Your providers will “buy” the drug or treatment that is administered to the patient in your office or infusion center.
What is buy and bill? Buy and bill is a process for acquiring specialty drugs that providers administer onsite in the practice. Rather than relying on a specialty pharmacy or other collaborator, the healthcare provider purchases, stores and then administers the product to a patient.
The most popular publicly available source of pricing data and analytics for office-administered drugs. Search for a HCPCS code here!
“Buy and bill” refers to the practice of physicians selling prescription drugs that are commonly administered in the office. It's funded by Medicare Part B, and stakeholders want to make it more competitive and tightly regulated.
In the buy-and-bill model, physicians are responsible for the upfront costs of purchasing products for in-office administration. Practices then bill payers for both the products and their administration, which alleviates the burden on patients to manage their own therapies—but ensuring cost recovery remains a critical concern. The importance ...
Buy-and-bill versus specialty pharmacy benefits. Learn about distribution, administration, and reimbursement for each option.
At BuyandBill.com, we provide a unique opportunity for pharmaceutical companies to sponsor drug-specific pages. Our platform connects healthcare providers, payers, and others involved in the buy-and-bill process with HCPCS coding and pricing information. Curious to learn more? Contact us.