As the U.S. healthcare system evolved to include insurance companies, pharmacy benefit managers and government regulations, one entity has been consistently forgotten: the patient. What was always a small loop of local providers working on behalf of the patient has grown into a large quagmire due to the insertion of multiple intermediaries between the patient and the hands-on doctor and pharmacist who share their community.
Galt Phranchise Systems was founded to restore that simplicity. The first franchise model in the history of the pharmaceutical industry, the firm applies systemic behavior theory to answer the challenging viability of local healthcare. The franchise structure enhances the ability of physicians to prescribe treatments for their patients unencumbered by contracts, guidelines, regulations and policies, while restoring the working feedback loop between patient, doctor and pharmacist that is essential to effective care.
"It took us a few years, but we've been able to work with our franchisees to create an efficient business model using feedback mechanisms found in systemic behaviors," Smith says. "This model understands healthcare is best delivered within a community."
Smith explains that the Galt Phranchise Systems model is grounded in systemic theory, a thesis applied across multiple fields of science through cybernetic feedback mechanisms. Feedback mechanisms allow systems to thrive as links are made between their components. Healthcare has grown increasingly complicated as multiple actors, each with self-interest, attempt to influence or direct a patient's path. Much like the childhood telephone game, where a message becomes distorted as it passes through participants, treatment algorithms and prior authorization processes cloud communication between a system's core components: patient, doctor and pharmacist.
Patel describes the spirit of entrepreneurialism guided by systemic behavior patterns as the engine driving Galt Phranchise Systems forward. Locally driven care facilitates effective treatment without the financial incentives introduced by national intermediaries. Patients yearn for predictability in their healthcare. Practitioners yearn to apply their education and experience without restriction. Patel and Smith believe both desires are met within the simplicity of a closed system connecting the local patient, local practitioner and local independent pharmacy.
Within the franchise, patients visit their doctor for diagnosis and treatment, followed by pharmacist counseling on medication usage, all within a community-driven framework built to navigate the hurdles intermediaries attempt to introduce into what has been proven through time: patient-specific care is best delivered within a community.
About Galt Phranchise Systems
Galt Phranchise Systems is the first franchise model in the pharmaceutical industry, founded by Wade Smith and Barry Patel. The firm applies systemic behavior theory and cybernetic feedback principles to restore community-based pharmaceutical care through a closed network of local patients, practitioners and independent pharmacies.
https://galtfranchise.com/
Galt Phranchise Systems
Atlanta, Georgia
david@gldnpr.com
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