Based in Teaneck, New Jersey, John Klein is the chairman of Cambridge Therapeutics, where he draws on his experience in the health care and pharmaceutical industries to guide the organization. Under John Klein’s direction, Cambridge Therapeutics focuses on providing innovative health care solutions, including novel drug delivery systems and physician prescription dispensing.
Physicians who opt to dispense from their own offices the medications that they prescribe can obtain a revenue boost. Given that the National Center for Health Statistics estimates that a typical physician writes approximately 35 prescriptions daily, adding a $10 handling surcharge on each one could result in up to $350 or more in additional daily revenue without using any additional physician time.
In addition to being more profitable for the physician’s practice and investors, physician-dispensed prescriptions offer increased convenience to patients because they can receive their medications at the point of care rather than waiting in line at the pharmacy. Prescriptions dispensed in a doctor’s office also may also help to increase adherence to medication regimens. Currently, as many as 31 percent of new prescriptions go unfilled by patients, according to the Journal of General Internal Medicine.
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