Physician

Physicians

Physicians have discovered the financial benefits of ancillary revenue. The dispensing and billing of DME has become a core source of income for many orthopedic clinics. This revenue diversification contributes to the clinic's fixed operating expenses -- so long as the DME inventory is properly managed. DME isn't profitable if there isn't adequate control and financial accountability. LYNX gives physician owners a higher level of confidence, with proven tools to track the purchases, utilization, and any exceptions to normal procedures for dispensing goods. Tracking and billing allowable codes for DME, as well as other medications and supplies, are among the reasons to consider the LYNX IMS platform. Purchasing incentives, consolidated invoicing from only one source, vendor neutrality, and the ability to identify the cause for any loss of inventory are additional incentives to consider LYNX IMS.

More Information

Vendor Neutrality How does this benefit your clinic?

LYNX isn't a typical supplier-driven program. When a clinic uses a manufacturer's program, the manufacturer is focused on getting the clinic to use all of its products, instead of focusing on what the physician deems to be necessary and appropriate products for the patients. IMS tools promoted by the manufacturer are intended to push the clinic to primarily (or exclusively) use the products of one supplier. In some cases, the biggest benefactor of a clinic's ancillary profit center is the manufacturer.

The LYNX program was created around the concept of vendor neutrality. This means the clinic's physicians and staff ALWAYS choose the most beneficial products: Beneficial to the patients in terms of the quality and effectiveness of the products, and beneficial to the clinic due to price discounts secured through contracts with dozens of suppliers.

LYNX provides the clinic with the buying power of a GPO (Group Purchasing Organization). The clinic doesn't have to use all of the products of one manufacturer, or high volume of any particular product, to realize cost savings. With LYNX, the clinic can take advantage of volume purchasing from a wide range of suppliers. There is never any mandate related to product usage or specific manufacturers -- LYNX provides options and recommendations, but the clinic ALWAYS decide the products, the protocols for dispensing the products, and the inventory levels.

How Can LYNX facilitate a clinic's objective to have a profitable DME profit center?

Lynx is mufti-faceted in its approach to creating profit centers for our customers. A foundational approach is utilized to create a system that is seamless, yet simple for the clinic to use. This unique structure incorporates the LYNX GPO as way to ensure cost containment operationally.

The LYNX software and scanning devices produce a proprietary label for the clinic, thus ensuring the capture of billing data, product usage, and inventory analysis.

The Local Ancillary Development Liaison works closely with the clinic to establish par levels, provide local assistance should needs arise, and assists with the platform installation. The LYNX Training Team brings the collaboration of seasoned professionals and training assets of all involved to create a seamless, simple, and fluid program for your ancillary business.