Lynx: Inventory Management System for Specialty Practices

A Web-based Drug Inventory Management System for Specialty Practices

Lynx® is a customizable, web-based specialty medication inventory management system designed to help specialty practices overcome the challenges associated with delivering injectable and infusable medication therapy.

As the leading inventory management solution for outpatient practices, Lynx helps more than  over 360 practices and their 1,600 sites of care deliver infusion and injection therapy for patients with complex diseases.

Lynx was designed to help specialty practices:

Achieve complete charge capture:

• Capture every billable charge and instance of waste with an intuitive dispensing interface that matches your specialized workflows
• Improve accuracy and efficiency by connecting directly with your billing application to submit complete charges

Drive lean inventory processes to improve cash flow:

• Eliminate excess inventory and ensure the drugs on your shelves are exactly what you need
• Avoid drug wastage with reporting and analytics tools

Maximize efficiency to free up time for patient care:

• Streamline your processes by integrating directly with your practice management, EHR and ordering system
• Use a 100% web-based system that allows multiple staff members at multiple locations to use the system simultaneously and from any location

Improve profitability with deep financial and data insights:

• Access intuitive, on-demand reports to identify revenue and cash flow opportunities
• View usage trends, track inventory turnover and quickly perform audits to identify discrepancies between dispensing and billing

The Lynx drug inventory management system delivers real value to customers:

• Significant improvements in cash flow, with up to 50% reduction in days in on-hand inventory*
• Improved charge capture, equating to an average of $70,000 per physician annually due to a reduction in missed charges*
• Increased billing process efficiency, requiring 28% fewer days to submit claims to payers*
• Reduced administrative time associated with inventory management by 50%, allowing 2 full-time employees to focus on other practice priorities rather than verifying charge entry*

*The results of these case studies depend on a variety of factors that are unique to the customers’ businesses. There is no guarantee your results will be similar. Each party’s results depend on the factors of its business. The success of these customers cannot be used as an indication of future success with these programs.