It isn't cost minus price. It's a moving reconciliation across four Drug Tariff categories, a discount clawback, item fees, and price concessions that change several times a month, applied across every line you dispense. Here is how we model it.
A single dispensed line's true margin depends on at least seven independent variables, each on its own clock, each able to flip a line from profit to loss without warning. Track one wrong and the error compounds across thousands of lines a month.
Seven variables, four different update cycles, thousands of lines. The interactions are where the money hides.
Margin is computed per line, per month, then aggregated. Every term has to be resolved against the right reference data for that exact month, including any mid-month concession revision.
A pipeline, not a template. Raw, inconsistent inputs are normalised, matched to live reference data and reconciled line by line by a rule-based pipeline that classifies losses against the Drug Tariff and your six-month baselines, before a dispensing GP audits every material figure.
Every reimbursement, cost and margin is computed by rule against the Drug Tariff, never guessed or estimated. No patient-identifiable data is involved, and a dispensing GP signs off every material number before it is reported.
Practices ask whether they could build this in-house. Honestly: the calculation is the easy part. Keeping it correct, every month, as the rules move underneath you, is where it becomes a specialist discipline.
Tariff categories re-price quarterly; concessions shift several times a month; rebate matrices change with every promotion. A model is only as right as the day's data behind it.
A concession applied a week late, or a clawback band misread, mis-states thousands of lines at once. Small errors do not stay small once they aggregate.
RxMargin is built and run by GPs who run dispensaries themselves. The analytical model encodes how a real dispensary actually trades, not a generic finance template. That domain reading, from people who do the job, is the part that can't be downloaded.
A number nobody has checked is a liability. Every material figure is traced to source and signed off by a dispensing GP before it reaches a partner's desk.
The same reconciliation engine powers both RxMargin products: the Live Market dashboard, refreshed every working day for the whole practice, and a tailored one-off deep dive across your own dispensing history.
The Live Market shows the same market-wide numbers to every practice. The biggest recoverable margin is practice-specific, and that sits in the tailored report. Ask us for a free estimate of what your practice could unlock - we can give you a figure in 30 minutes, no data needed.
The Live Market dashboard is live for your whole practice today. The tailored report is a one-off deep dive across your own dispensing history.
Not sure if it is worth it for your practice? We can give you a free estimate of your savings in 30 minutes - no data needed. Get in touch →