{"id":35768,"date":"2020-09-25T07:00:23","date_gmt":"2020-09-25T07:00:23","guid":{"rendered":"https:\/\/srx-tech.com\/?p=35768"},"modified":"2021-07-20T18:30:49","modified_gmt":"2021-07-20T18:30:49","slug":"ltc-industry-integrity","status":"publish","type":"post","link":"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/","title":{"rendered":"Accountability + Integrity in the LTC Industry Benefits Everyone"},"content":{"rendered":"

I recently spoke with <\/span>Skilled Nursing News<\/span><\/a> about some of the things long-term care operators can do to improve their bottom lines.<\/span><\/h3>\n
\n
\n

Many of those ideas tied to things like lowering costs, maximizing pharmacy rebates, and streamlining purchasing and operations. All of which are critically important as operators struggle with the new realities brought on by the current COVID-19 pandemic. As I have reflected back on that interview, however, one of the things I have thought a lot about isn\u2019t just the \u2018how\u2019 and \u2018what\u2019 the industry should be doing, but rather the way in which we deliver services and carry out business in this industry.\u00a0<\/span><\/p>\n

I love working in the long-term care industry. I think we, collectively, do incredible work and serve a crucial need in the communities that our operators serve. But I also think that we collectively agree on the importance of the way in which\u00a0 we do things. Caring for the elderly in our society puts us in a position of trust and responsibility\u2014both to the residents we serve, as well as to their families. Providing excellent care, and creating compassionate environments for our customers and the many employees that serve this industry isn\u2019t just about sustainable business models, it is also an opportunity for us to do the right thing.\u00a0<\/span><\/p>\n

There are many benefits of actively engaging in ethical business practices, particularly in healthcare. Because of the very personal nature of health services, our relationships with customers and their families are central to not only health outcomes, but also our business outcomes which are inextricably linked. An <\/span>article in Healthcare Finance<\/span><\/a> discussing the importance of ethics in healthcare states, \u201cPatients and family members desire high quality care, patient safety and the latest medical technology. But, ultimately, trust in the integrity of the caregiver is the foundation for their peace of mind.\u201d While B2B services within healthcare may bypass direct interaction with the customers, cultures of transparency and trust typically extend throughout organizational operations.\u00a0<\/span><\/p>\n

Acts of Service<\/b><\/h5>\n

I have been humbled by the many acts of service and selfless dedication of time and resources during the COVID-19 pandemic. This is a community of people who get up in the morning with a sense of purpose much greater than simply bringing home a paycheck. For this reason, I am encouraged by the many operators and vendors that take the trust their customers have seriously.\u00a0<\/span><\/p>\n

Building Trust<\/b><\/h5>\n

Something that often gets buried when we talk about the solutions we provide, are the underlying values that drive those innovations. Our technology was built to support transparency \u2014customers should know what they are paying for. It also automates processes in order to ensure that we deliver our rebates on time. We mindfully built these checks and balances into our solutions not just because they made good business sense but because it is the right thing to do.\u00a0<\/span><\/p>\n

Making the Right Business Decisions<\/b><\/h5>\n

The way we conduct business, treat our customers, and hold ourselves accountable is a reflection of our values. Writing bad behaviour off as good business practice doesn’t make good life sense. We can use the time we spend working to add value not only to the businesses we serve but to the relationships we form, the industry we serve and the communities we are part of. In healthcare, there are endless opportunities to touch lives. I am proud to be part of organizations that take their responsibilities and obligations seriously and are striving to do the right thing. Together we can be more, and we can make real change.\u00a0<\/span><\/p>\n

If your SNF is looking for transparency in partners and wants to improve your bottom line, message me.<\/span><\/p>\n<\/div>\n

\u2013 Yosef Daskal, Founding Principal, COO<\/p>\n<\/div>\n

SRX is a technology and advisory company that helps LTC operators realize the lowest net cost on pharmacy spend. We help our customers improve drug utilization, manage pharmacy relationships, reduce costs and waste, and maximize rebates. We are committed to transparency and accountability and guarantee our quarterly rebates are paid on time, every time. Contact us at 833 633 6833.<\/span><\/i><\/p>\n

Learn more about<\/a> SRX.<\/p>\n","protected":false},"excerpt":{"rendered":"

I recently spoke with Skilled Nursing News about some of the things long-term care operators can do to improve their bottom lines. Many of those ideas tied to things like lowering costs, maximizing pharmacy rebates,\u2026<\/p>\n","protected":false},"author":2,"featured_media":39999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,5],"tags":[],"yoast_head":"\nAccountability + Integrity in the LTC Industry Benefits Everyone - Articles | SRX<\/title>\n<meta name=\"description\" content=\"SRX offers the lowest net cost solution for managing post-acute care pharmacy spend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accountability + Integrity in the LTC Industry Benefits Everyone - Articles | SRX\" \/>\n<meta property=\"og:description\" content=\"SRX offers the lowest net cost solution for managing post-acute care pharmacy spend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\" \/>\n<meta property=\"og:site_name\" content=\"Articles | SRX\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SRXtech\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-25T07:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-20T18:30:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.srx-tech.com\/articles\/wp-content\/uploads\/2020\/12\/LTC_industry_integrity.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"AKG\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@srxtech\" \/>\n<meta name=\"twitter:site\" content=\"@srxtech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AKG\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\"},\"author\":{\"name\":\"AKG\",\"@id\":\"https:\/\/www.srx-tech.com\/articles\/#\/schema\/person\/10f25f3a605e7bdb316103082471efbd\"},\"headline\":\"Accountability + Integrity in the LTC Industry Benefits Everyone\",\"datePublished\":\"2020-09-25T07:00:23+00:00\",\"dateModified\":\"2021-07-20T18:30:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\"},\"wordCount\":687,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.srx-tech.com\/articles\/#organization\"},\"articleSection\":[\"Articles\",\"News\"],\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\",\"url\":\"https:\/\/www.srx-tech.com\/articles\/ltc-industry-integrity\/\",\"name\":\"Accountability + Integrity in the LTC Industry Benefits Everyone - 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