Modern retina practices deal with an inventory of very expensive injection medications. When even a small number of doses are not paid for, are lost or spoiled, the cost is significant.
ArbiMed Retina is a modern dose-tracking software designed specifically for retina specialists. Using the system, each dose is accounted for, so the practice can know what is on hand, where the inventory is located, the lot numbers, expiration dates and value. ArbiMed is an easy-to-use, cloud-based, inventory management system that goes beyond tracking injection stock. The platform also allows the user to collect important product and patient information, which the company says helps protect a practice’s bottom line. ArbiMed lets practices track every dose — from the injection order’s creation to its dispensation and beyond. Because the system integrates with the office’s practice management software, it is able to track reimbursement and generate detailed billing and payment reports.
According to ArbiMed, with the software in place, retina practices nationwide track and assign more than $24 million worth of injections every month. Even more important, the company says, is a series of alerts within the ArbiMed system shows that 18% of all encounters have a potential documentation error that could negatively impact reimbursement.
“Our software is designed to help retina practices better manage their inventory and more accurately document each encounter,” says Doug Mooradian, ArbiMed Retina sales specialist. “ArbiMed integrates seamlessly with the practice management system and lets the practice staff follow each dose, from ordering and receiving to the time it is assigned to a patient and a claim is submitted. As a result, they are able to avoid common errors, which often delay claims reimbursement.”
Time and again, the team says retina practices tell the company that before they implemented ArbiMed’s software, there was almost no way for them to track how many encounters were accurately documented.
ArbiMed’s multifunctionality has the ability to enhance efficiencies for all members of the retina practice staff.
“The software does not take long to learn, as it is userfriendly, being intuitive to navigate. I can find information fast, so I can make purchasing decisions quickly and accurately,” says Shawn Harkey, practice administrator, Retina Consultants of Houston. ArbiMed “made it easy to transition from another software, and their application was able to accommodate our existing workflow seamlessly.”
The cost and importance of retinal injection inventory to modern, clinical retina practices makes having a seamless, independent, multifunctional inventory software a requirement. ArbiMed Retina can track this valuable medical inventory. Tools allow for tagging critical information such as supply stock levels and medication expiration dates. It also ensures proper billing and payment through integration with the office’s practice management software. Retina practices can confidently manage injection stock — and other important assets — with ArbiMed.