Good Shepherd Medication Management

Good Shepherd Medication Management is a nonprofit organization located in the United States. It is dedicated to providing low-cost or free medications to individuals in need, particularly those without health insurance or living in poverty.

Mission and Operations

The organization aims to go beyond traditional pharmacy services by focusing on medication management and patient education. It strives to reduce the financial burden associated with prescription costs, which can significantly impact the standard of living for many individuals. This mission is aligned with the Dispensary of Hope model, a charitable medication distributor that Good Shepherd partners with.

As part of its model, Good Shepherd contracts with the Dispensary of Hope for an annual fee, receiving donated medications from manufacturers and medical practices. These medications are then dispensed to patients who become members of the organization, paying monthly fees to receive their prescriptions at a significantly reduced cost. The organization reports success in reducing prescription costs for its members, often cutting monthly expenses in half for those who were previously struggling financially.

Financial Overview

Good Shepherd Medication Management derives its revenue primarily from contributions and program services. Contributions have comprised the majority of its annual revenue, ranging from 67.1% to 89% over different fiscal years. Program services also contribute significantly, typically around 11% to 32.9% of total revenue. The organization's financial transparency is ensured through filing annual tax returns with the IRS.

Leadership and Governance

The organization is led by key figures such as Dr. Philip J. Baker, who serves as CEO and President. Dr. Baker has been instrumental in founding and guiding Good Shepherd's mission. The board includes several directors who contribute to the organization's strategic direction.

Ratings and Impact

Good Shepherd Medication Management has received a rating from Charity Navigator, reflecting its operational efficiency and transparency. Despite its efforts to serve communities in need, the organization faces challenges similar to many nonprofits, including maintaining financial sustainability and expanding services.

Overall, Good Shepherd Medication Management plays a critical role in addressing the issue of unaffordable medications in the U.S., offering a model that seeks to balance patient care with financial responsibility.