The healthcare system in the U.S. is changing in big ways, and one of the most important updates coming in 2025 is the new $2,000 out-of-pocket cost cap for Medicare Part D. This change is set to make a huge difference for pharmacies, healthcare providers, and everyone involved in the pharmaceutical industry. But beyond patient […]
Medicare Part D Overhaul: What the $2,000 Cost Cap Means for Pharmacies in 2025
Read More.. Medicare Part D Overhaul: What the $2,000 Cost Cap Means for Pharmacies in 2025
Testing at Pharmacies…Which Billing and Revenue Updates can Enhance Billing?
Testing at Pharmacies Effective 15th January 2022, people with a health plan can go online, or to a pharmacy or store to purchase an at-home over-the-counter COVID-19 diagnostic test authorized by the U.S. Food and Drug Administration (FDA) at no cost, either through reimbursement or free of charge through their insurance. CMS is strongly incentivizing […]
Role of pharmacist in digital health era
COVID-19 pandemic has accelerated the digital health era. Digital health includes various advanced technologies such as telehealth, health apps, medication reminders sent via email or text, and remote patient monitoring. The remote patient monitoring will continue to expand and integrate creating a hybrid of in-person and virtual care. Human touch is getting augmented with these […]
Ensuring Successful Pharmacy Billing
Pharmacists play a major role in providing healthcare services to patients by physicians. And for all of us, these services are not a new thing. For years, pharmacists have been offering services over and above filling prescriptions from the origin of the profession. One of the developments in the pharmacy profession is, however, getting compensated […]
Service expectations to have from Specialty Pharmacy
Specialty pharmacy refers to the channels of distribution designed to deal with specialty drugs. Medications used to treat rare or complex health conditions are provided by a specialist pharmacy. Many times, most people don’t use these drugs, so a local pharmacy wouldn’t hold them in stock. For patients in need of access to prescription drugs […]
Medicare Advantage and Part D Advance Notice for CY 2022
CMS released the Part I of the 2022 Medicare Advantage and Part D Advance Notice to provide plans with earlier notification of proposed payment changes. This announcement is made three months earlier than the usual to provide Medicare Advantage organizations and Part D sponsors more time to take this information into consideration as they prepare […]
Avoid the Part D late enrollment penalty
Do you have creditable prescription drug coverage? It’s drug coverage that’s expected to pay, on average, at least as much as Medicare’s standard prescription drug coverage. It could be drug coverage you get from a current or former employer or union, or from TRICARE, or the Department of Veterans Affairs. If you don’t have creditable coverage, you […]
Pharmacy Billing and Reimbursement
Conventionally, pharmacist compensation has been majorly concentrated on collecting payment for the products’ provision, such as prescription medications. Nowadays, pharmacists possess an extended practice opportunity and the pharmacy profession has integrated different clinical avenues into regular patient care such as medication therapy management, chronic disease management, and care transitions interventions. A prescription has multiple stages […]
TIPS FOR SUCCESSFUL PHARMACY BILLING IN 2020
Pharmacists perform a significant role in providing healthcare services to patients. And these services are not a new thing for all of us. Pharmacists have been offering services beyond prescriptions filling for decades from the origin of the profession. However, getting reimbursed for delivered services is one of the developments in the pharmacy profession. Moreover, […]
Key Points about Pharmacy Billing and Reimbursement
From the pharmacy to the side of the patients, the prescription has multiple phases of reimbursement for patients as well as pharmacies. Distributing medication from your own hospital could be one of the efficient as well as an effective way for revenue generation. The health care industry has transformed unconventionally over the past few years […]
