Summit Health Advisors Secures Grant to Innovate Pharmacist Reimbursement Models
Summit Health Advisors Receives $98,000 Grant
Summit Health Advisors, LLC has recently been awarded a substantial $98,000 grant from the NCPDP Foundation. This funding is aimed at investigating and designing pioneering business models to enhance reimbursement for pharmacists delivering clinical care services. The initiative primarily targets community settings, particularly in rural regions where there is an acute shortage of primary care physicians. By leveraging the expertise of pharmacists, the project strives to improve patient care accessibility and effectiveness.
The project will involve a thorough analysis of current business models and NCPDP standards. The objective is to produce comprehensive reimbursement strategies that not only empower pharmacists but also contribute significantly to better healthcare outcomes for patients. Seth Joseph, Managing Director of Summit Health Advisors, emphasized the importance of establishing a robust business model that supports pharmacists in maximizing their professional capabilities. He noted, “It’s not just about expanding their scope of practice; it’s about ensuring that pharmacies remain trusted healthcare access points within our communities, especially in an increasingly digital landscape.”
Joseph expressed gratitude to the NCPDP Foundation for backing this important work, acknowledging their partnership with Point-of-Care Partners, an organization known for its in-depth understanding of the pharmacy landscape and its strong industry connections. This collaboration is expected to yield insightful findings that can lead to meaningful advancements in pharmacist reimbursement.
The project is slated for completion within 12 months, adhering to a structured timeline featuring key milestones. Initially, a comprehensive literature review will be conducted, followed by expert interviews aimed at gathering diverse perspectives within the healthcare field. The culmination of this effort will be the publication of a white paper that will disseminate the findings and recommendations derived from the research.
John W. Hill, Executive Director of the NCPDP Foundation, shared enthusiasm for supporting Summit Health Advisors’ innovative project. He believes that the outcomes of this initiative could significantly impact the healthcare ecosystem, paving the way for improved pharmacist roles and patient care. Hill remarked, “We are excited to see the positive transformations this project will bring.”
This grant was facilitated through the NCPDP Foundation’s General Grant Fund and aligns with its strategic initiatives aimed at expanding the role and value of pharmacists within the healthcare setting.
About the NCPDP Foundation
The NCPDP Foundation is dedicated to fostering collaborative research initiatives that enhance data sharing in healthcare, ultimately working to reduce barriers to high-quality patient care. With a focus on pharmacy interoperability, the foundation operates as a nonprofit charitable organization based in Scottsdale, Arizona, striving to bridge gaps within the healthcare system.
In conclusion, the efforts of Summit Health Advisors, supported by the NCPDP Foundation, signal a progressive step toward reshaping how pharmacists are compensated for their clinical contributions, particularly in underserved areas. As the healthcare landscape continues to evolve, embracing innovative reimbursement models will be crucial in optimizing patient care and upholding the integral role of pharmacists in the community.