1 hour Audio and Power Point Presentation
Recorded April 27, 2015Faculty Bio:
Tim Patrick, President/CEO, Aidarex Pharmacueticals
My name is Tim Patrick and I am President and CEO of Aidarex Pharmaceuticals. 26 years ago, I was introduced to the business model of physician dispensing. After I graduated from University of Southern California, I was excited to enter this new pharmaceutical niche with its simple, brilliant business model. My 26 years of industry experience has provided me with knowledge to engage in all aspects of medical practices and specialties, Hospitals, Large fortune 100 companies and large medical systems. In 1989, I pioneered "Cash & Carry Dispensing" models for urgent care facilities, pediatric offices, and Medical Centers. In 1994, I developed “Workers' Comp Dispensing Programs.” This allows physicians who treat workers' comp patients to bill carriers directly for their medications. In 1996, I pioneered the first “Pharmaceutical Management Program” for Workers' Comp-treating physicians. These three programs have now become industry standards. Within the last 6 years we have been providing adjudication programs that allow physicians and large health systems to provide medications to almost 97% of their patient flow. I have been bless to have the honor to work with the Department of Defense for the last 17 years providing dispensing programs to 142 of the largest military bases in the country. In addition we developed pharmaceutical programs for troop deployment to Iraq and Afghanistan and provided medications to all the mobile medical units in the theater of operation. Furthermore, I created Hospital programs that address indigent patient issues as well as create dispensing programs for all of the hospital's off-site clinics, there ACO’s and large medical centers. I helped co-developed Worksite clinic models for Northrop, Chevron, Shell, Mobil, General Dynamics, TRW and many others back in the 1990’s. I am eager to continue to develop and create additional solutions as our health system continues to change.
Salaried; Aidarex Pharmaceuticals
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Urgent Care Management Certificate (UCMC) Credit
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