Medmonk Lowers the Cost of Medications
Millions of Americans rely on prescriptions to help them live better lives, some even to survive. Unfortunately, prescriptions can be expensive, particularly since patients are required to purchase them on a regular basis. With the current state of the insurance system in the U.S., many patients cannot afford the co-pays required for their medications. Medmonk’s creators designed it as a tool to help pharmacists find funding for patients who can no longer afford their medications. It assists patients in getting the drugs they need, enables pharmacies and pharmaceutical companies to reach more patients, and protects insurers against bigger claims. Because there is no profit in it, very few pharmacies can afford to help patients who have trouble making payments for their prescriptions. Medmonk exists because independent pharmacies can use a great deal of help in that regard.
The question that many small, independent pharmacists must ask when competing with bigger ones is how to increase pharmacy sales and help more patients at no cost. Typically, this is little more than rhetoric, since the answer is that it simply cannot be done. Medmonk works by helping pharmacies find funding for patients with co-pays or out of pocket medical expenses at no charge. This way, smaller pharmacies can compete against larger chain pharmacies while simultaneously helping the patients they will not aid. It features tech support for any PC or mobile device with an Internet connection and browser and requires no installation. Thus, users can access it at their leisure without any hassle.
The system is ready to use and remarkably user-friendly. Pharmacy personnel simply join Medmonk, and from then on, every time they seek to lower a patient’s out-of-pocket expense they enter the name of the drug required and some very basic patient information. At that point, a pharmacy can integrate its existing point of sale system to bring the patient’s expense down significantly, very often to zero. The pharmaceutical company providing the necessary medication will pay your pharmacy in full within four to six weeks. While Medmonk works with cash or HMO/PPO patients, you can also offer large discounts to patients on government assistance programs including Medicare and Medicaid at no cost, allowing you to receive full payment. Nothing more than reliable computer support is necessary to continue receiving the full benefit of Medmonk’s service.
Far too many patients abandon their prescriptions at the pharmacy without filling them because they cannot afford them. When this happens, the pharmacy and pharmaceutical company lose a sale, the health insurer pays for the consequences of an untreated condition, and the patient pays with a decline in health. Medmonk reverses this by reaching out to pharmaceutical companies to help cover the cost of the co-pay. This way, the negative result becomes something positive, and patients can get the medications they need.
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