Read our latest pharmacy billing services blog
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Pharmacy Billing Services
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 for services provided. In addition, pharmacies have to take advantage of medical billing services to get reimbursed for providing specific…
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Pharmacy Billing Services
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 for complex disorders, such as cancer and multiple sclerosis, specialty pharmacies are a valuable resource. Service plays an important role…
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Pharmacy Billing Services
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 their bids for 2022. The main takeaway for you from this bundle of rulemaking is that the Medicare Advantage program…
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Pharmacy Billing Services
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 may want to join a Medicare drug plan now to avoid the Part D late enrollment penalty, even if you don’t…
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Pharmacy Billing Services
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 of compensation while traveling from pharmacy to patients’ hands, for pharmacy as well as patients. Knowing the flow of prescription…
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