Allergy Practice Profitability - Xtract Software
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allergy practice profitability

Allergy Practice Profitability

When we at Xtract Solutions meet with prospective customers, we are proud to demonstrate how our groundbreaking software organizes and simplifies the practice of immunotherapy. Understandably, at each encounter, we are asked: Is this product a good value for my practice?

We are confident that providers who thoughtfully look at their practice, the workload, and the personnel completing a wide variety of tasks, will recognize that making their practice run more efficiently will in the end save money. In some ways, it is as simple as the adage, time is money.

Important Issues to Consider:

  • How many hours per day or per week is a nurse writing labels for a patient vial and recording lot numbers & expiration dates?

Xtract Immunotherapy Software automatically generates labels for patient vials and the prescription receipt, which includes extract names, amount, diluent, lot number, and expiration dates. This saves valuable time for nurses who are manually completing this work. To crunch the numbers, if a registered nurse making $35 per hour (average wage in the U.S.) can save five hours per week, the monthly savings is $700, the yearly savings, $8,400. This time could be spent in patient care, likely enabling the practice to increase the number of patients seen, thus increasing revenue.

  • How much time is the physician spending creating prescriptions?

This critical work can be done more efficiently, taking less time, with Xtract software. Currently, a provider may be working from two screens, checking test results before writing the prescription. The provider may be doing the math for dilutions, and then double documenting by afterward entering all information in the patient’s EMR.

With Xtract, all positive test results are viewed on one screen and are easily added to the prescription. Default doses for each antigen can be preset to allow for faster entry but can also be changed if desired. The software adds the antigens up for the maintenance vials and automatically fills the remainder of the vial with diluent. When interfaced with the EMR, the prescription order is automatically added to the patient’s EMR record.

As an example, one clinic told us it took them 20 minutes to create a prescription using their old method and now with Xtract it only takes a few minutes. If two hours is saved each week writing prescriptions, the office could schedule patients for those extra hours. If the doctor’s billable rate per hour is $800, this would equate to $80,000 in additional income annually.

  • What is your current system for checking inventory?

Is it having a nurse look through the refrigerator? How do you determine the expiration date of a particular extract – does it require a nurse locating it and reading the label? Xtract Solutions generates thorough reports on a provider’s inventory. Readily available, to view on the computer or print out within seconds, is extract inventory, amount in each vial, and expiration date.

  • What percentage of your patients “drop out” – missing appointments or just giving up on shots?

In addition to the patient not getting the desired result of immunotherapy, patients who drop out can be costly to a practice that has provided testing, prescription writing, and the creation of treatment sets. Research shows that two strategies can dramatically increase patient adherence: patient reminders before appointments, via text and/or email, and better patient education. In addition to generating reminders, Xtract enables providers to share a clear graph for patients, so they can see where they are in their treatment program and when they will reach a maintenance period.

Sound Intriguing – Interested in Saving Money?

Complete the form to request a demo. We will show you how Xtract Immunotherapy Software increases revenue, while simultaneously improving patient safety and compliance.