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Develop an MTM Business Plan
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How to Start an MTM Practice: A Guidebook for Pharmacists focuses on the operational and business aspects of medication therapy management (MTM). Included are 20 steps for developing a viable business plan, checklists, and tables of information pharmacists should consider when preparing to add MTM...
How to Start an MTM Practice: A Guidebook for Pharmacists focuses on the operational and business aspects of medication therapy management (MTM). Included are 20 steps for developing a viable business plan, checklists, and tables of information pharmacists should consider when preparing to add MTM to their practice.
Table of Contents
• What Is the Purpose of This Guidebook?• What Is a Business Plan? • Why Write a Business Plan for MTM Services?• Information Gathering• Mission for Patient Care Services• Pharmacy Practice Setting• Practice Site Location• Practice Features• Practice Market/Patient Demographics• Pre-Existing Services• SWOT Analysis• Features of the New MTM Service• Practice Site Requirements for the New Service• MTM Service Hours• Personnel Requirements• Managerial Requirements• Regulatory Requirements and Formal Agreements• Staff Development• Marketing and Promotion• Costs to Provide MTM Services• Potential Payer Populations • Revenue, Billing, and Pharmacist Payment• Return on Investment• Outcomes of the Service• Appendix A: Medication Therapy Management in Pharmacy Practice: Core Elements of an MTM Service Model Version 2.0• Appendix B: Developing a Practice as an Independent MTM Pharmacist• Appendix C: Analyzing the Costs to Deliver Medication Therapy Management Services • Examples of Completed Outlines: Independent Community Pharmacy• Examples of Completed Outlines: Small Chain Pharmacy• Examples of Completed Outlines: Ambulatory Care Clinic• Blank Template Outline• Blank Template Worksheet
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