Flexible Business Models to Take You Where You Want to Go

Spurred by shifting demographics, access to capital, and changing reimbursement, long-term care operators today have a wider range of business challenges and opportunities. This includes the structure of pharmacy service programs. Paragon Rx is uniquely positioned to help you identify, prepare and implement the pharmacy services business model that best fits your individual business objectives:

We have significant experience with multiple models, including experience from both the operator and service provider perspective
We are privately owned and well-capitalized, with no pressure to appease outside investors seeking quick return
We combine active senior level involvement with a lean corporate overhead

Business Model Options

By working with Paragon Rx, you can deliver pharmacy services within your facility or facilities within a range of business models:

CONTRACT OUTSOURCING

Paragon Rx can be your outsourced contract provider for pharmacy services. In this traditional business model, Paragon Rx assumes responsibility for delivering its services via its employees and systems. A Paragon Rx client services director is assigned to ensure performance, including financial and clinical performance, to your specific facility and residents.

JOINT VENTURE

For operators who desire to participate in the ownership of the pharmacy services for their facilities, Paragon Rx can structure a joint venture relationship that shares ownership between us yet relies on our systems and resources to maintain care quality standards. This model requires a capital commitment, but offers several benefits, including:

Ownership with less operational hassle
Participation in a profitable operation with predictable ROI
Creation of a marketable asset for future liquidity

MANAGEMENT CONTRACT

Long-term care operators who want to completely own their own pharmacy services company can benefit from working with Paragon Rx via a management contract. In this situation, Paragon Rx can provide a menu of management services to your operation to ensure it operates effectively and efficiently and complies with applicable regulations. In this model, operators assume more risk, but can benefit from:

Total ownership with consultative support to lessen operational responsibility
Fee-based management costs