Did you know that over 80% of women suffer from hormone imbalances? Unfortunately, the vast majority of them are unable to get the HRT treatment they need. So they end up having to endure an uncomfortable life, living on painkillers just to get by. But what’s stopping them from getting hormone replacement therapy? It all boils down to one thing – cost. Simply put, many of your patients are unable to afford the huge price tag that comes with it, which is why they opt for alternatives. In this article, we’ll discuss how our compounding pharmacy can help you lower HRT expenses for your patients to make this treatment more accessible to all. Let’s get started.
First things first- Putting a price tag on HRT
How expensive is hormone therapy? Well, you’ll notice prices could hit as high as $500 for a month-long or 90-day supply. In some cases, this figure can even reach thousands of dollars a month, with the total amount depending on factors like:
- The form of HRT
- Use of brand names or generic HRT drugs
- Retailer pricing variations
To make matters worse, most insurance plans may not cover HRT while some may only cover just a small amount of the upfront costs. In other words, the financial burden of HRT may squarely fall on your patient’s shoulders. The fact that they have to pay for it out-of-pocket further compounds the huge financial toll of hormone replacement therapy.
Bay Life – How our Florida compounding pharmacy saves your patients money on HRT
So HRT can be expensive, and the worst part is that it may not even be covered by insurance. Based in Clearwater, Florida, our pharmacy can help turn this around. Through our strategies and effective compounding solutions we can help lower the overall cost of HRT. Here’s how:
1. Compounding to a cheaper form of HRT
Some forms of HRT can be more expensive than others. For example, hormonal pellets can get really pricey, while the same goes for HRT solutions like vaginal rings which can reach up to $500 per month per ring. On the other hand, pills can cost as little as $10 for a 90-day pack or as much as $500, if you go with a brand name.
Our pharmacy can help your patients save money by first of all compounding to a cheaper form of HRT. This may mean, for example, compounding commonly prescribed pill types like Premarin and Estrace, among others.
So instead of spending $500 a month on a brand name, we can get your patients a compounded solution for a fraction of the price. This helps to ensure a more affordable hormone replacement therapy that your patients can easily keep up with, without burning a hole in their bank account.
And just because they’re cheaper doesn’t mean they’re less effective. In fact, our compounded HRT solutions are well known over Florida for their efficacy. So, if quality on a budget is the priority for your patients, Bay Life Pharmacy is the perfect partner for you as a prescriber.
2. Taking out expensive and unnecessary ingredients
Truth be told, HRT medication often contains a lot of ingredients that you can really do without. This includes additives that give medication distinctive colors or flavors, among other ingredients that don’t directly affect the bioavailability or absorption rate of the medication.
At our compounding pharmacy, which has branches in St. Petersburg and Clearwater if you’d like to schedule a walk-in, can identify and take out these unnecessary ingredients. As a result, this means that we’ll also take out added costs that typically inflate HRT medication. Your patients get a lower cost of medication while you get a better reputation as a prescriber who recommends effective and cost-effective HRT solutions.
3. Access to Large Amounts of Raw Materials
Middlemen have been a huge contributor to inflated HRT drug prices. HRT solutions cost an arm and a leg and big pharma is no doubt to blame. From distributors to retail pharmacies, there are just so many parties involved between drug manufacture to when your patients buy it from the shelves, all of them wanting a share of the cake, thus inflating HRT costs.
At Bay Life Pharmacy, we essentially cut out all these middlemen. That’s because we have access to large amounts of raw materials. We use this to create your HRT solutions from scratch, ensuring fewer parties are involved in the process. This is why we’re able to provide HRT medications at unbeatable prices relative to commercially available HRT products.
The Cumulative Cost Benefits are Huge for Your Patients and your facility!
Compounding is the way to go for effective HRT solutions on a budget. Thanks to our access to large amounts of raw materials, the ability to take out expensive ingredients, and switching to cheaper forms of administration, Bay Life delivers cumulative cost benefits that can all sum up to very huge savings. If you’re looking to save your patients money and still deliver stellar hormone replacement therapy, reach out to us now. We have branches in St. Petersburg and Clearwater Florida. While we’re based in the Tampa Bay Area, we also serve Hillsborough, Pasco, Pinellas, and surrounding counties. So contact us today to kickstart our HRT partnership if you have patients in any of these locations.
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