Explore ways to reduce the formidable impact DIR fees can have on your pharmacy business.
Pharmacies today face an array of financial and operational challenges, with Direct and Indirect Remuneration (DIR) fees standing out as a significant threat. These fees, once intended to drive better patient outcomes, now present a formidable challenge to pharmacy sustainability.
The good news is, pharmacies can implement better purchasing strategies to reduce DIR fees and increase profitability.
Understanding the Evolution of DIR Fees
Initially conceived as a means to incentivize quality services and patient care, DIR fees have morphed into a complex financial hurdle for pharmacies. The evolution of these fees has exacerbated financial unpredictability, with pharmacies struggling to forecast costs and reimbursement rates accurately. Recent changes, including the upfront inclusion of DIR fees, have intensified financial strains, leading to operational cutbacks and reduced staff hours. Read more >
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