Compounding Center Regulatory Status and Pricing System
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Solution Overview
Problem
Compounding centers and agriculture aggregators face challenges in efficiently publishing real-time pricing and regulatory status for customized active ingredient formularies, which are crucial for informed prescription decisions, due to the lack of user-friendly methods and varying regulatory compliance among providers.
Innovation Solution
A software method that allows providers to publish current regulatory status and pricing for route, dosage form, and strength-specific active ingredient formularies, including excipients and level of effort, enabling licensed professionals and purchasers to make informed decisions prior to writing a prescription.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If compounding centers and agriculture aggregators publish real-time pricing and regulatory status for customized formularies, then informed decision-making is improved, but system complexity increases due to varying regulatory compliance requirements among providers
Solution Approach 1:
The system segments regulatory status and pricing information by individual providers, allowing each compounding center and agriculture aggregator to display their own regulatory compliance status separately. This segmentation enables comprehensive information availability while managing complexity through organized, provider-specific data presentation
Solution Approach 2:
The patent introduces an intermediary software platform that mediates between multiple providers with varying regulatory compliance and end-users. This intermediary system standardizes the presentation of regulatory status and pricing information, reducing the complexity burden on individual providers while maintaining comprehensive information availability
2Manufacturing precision
If customized active ingredient formularies are created individually based on specific needs, then precision and adaptability are improved, but time consumption increases due to individualized preparation
Solution Approach 1:
The system performs preliminary actions by pre-calculating and displaying pricing information including excipients and level of effort before the actual prescription is written. This allows licensed professionals and purchasers to evaluate options in advance, reducing the time needed for final decision-making while maintaining customized formulary precision
Solution Approach 2:
The patent implements self-service capabilities where the software automatically calculates pricing, includes excipient costs, and determines level of effort for each customized formulary. This automation reduces manual preparation time while maintaining the precision of individualized formulary creation
3Loss of information
If real-time pricing including excipients and level of effort is provided, then cost transparency is improved, but calculation complexity increases due to multiple variables
Solution Approach 1:
The system merges multiple cost components including active ingredients, excipients, and level of effort into a single integrated pricing display. This consolidation provides comprehensive cost transparency while managing calculation complexity through unified software processing that handles all variables simultaneously
Data Source
AI summary
The system electronically publishes the current Federal Drug Administration, Department of Health, and Department of Agriculture regulatory status of competing compounding centers and agriculture aggregators along with the price and availability of custom route, dosage form, and strength specific compounded formularies and agriculture aggregates. Through this system, a highly specific request is submitted to compounding centers and agriculture aggregators by licensed professionals on behalf of purchasers desiring to ascertain regulatory status, availability and pricing through the electronic system. The published price includes the question of current status and exact request, but may vary based on excipients used, commodity availability, and level of effort used to create the custom formulary or aggregate. The system delivers the regulatory status and the price, including delivery, for up to 10 facilities in the form of a list. Once a purchaser has reviewed the responses, the purchaser, along with the licensed professional may choose to use one provider from the list, or request another compound or aggregate that meets the needs of the purchaser.