Read our latest pharmacy billing services blog
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Pharmacy Billing Services
How to overcome factors impacting on pharmacy claims reimbursement?
Healthcare service providers spend most of their time and money to achieve transparency in submitting their medical claims. But the need of the hour for specialty pharmacies is to make better practice management standards, which will allow consistent recovery of aging Accounts Receivables and stabilize the cash flow. But today, aligning your charging priorities with an efficient billing organization has become a practical solution for a lot of pharmacies. Confirming great practice management with correct…
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Pharmacy Billing Services
Is your biller doing the right data handling and follow up in pharmacy billing management?
In the healthcare industry Pharmacy is an integral part just like other disciplines in this field. However, it also poses certain billing and coding challenges that may often be difficult to manage internally. Also, because certain drugs are excluded from the insurance provider’s coverage where only a few injections and adjuvant therapies allowed, it may require the assistance of experts to judge the efficacy either including or excluding the drugs during billing. To obscure the…
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Pharmacy Billing Services
Pharmacy medical billing: Lower Drug Prices in Medicare Advantage and Part D
CMS is allowing Medicare Advantage plans to cross negotiate Part D drug prices Starting in 2019, insurers may use step therapy to choose the least expensive drug first before moving on to another prescription. For the first time in the history of healthcare US, Medicare Advantage plans that also offer a Part D benefit have now the option of cross negotiating for Part D drugs to get the lowest prices. Starting January 1, 2019, plans…
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Pharmacy Billing Services
What every pharmacist should know about in Pharmacy billing?
As a Pharmacy specialist, you may believe that your most troublesome errands will incorporate helping patients and monitoring conceivable contraindications between prescriptions. In any case, numerous drug specialists state those errands are simple and contrasted with the one of a kind bookkeeping and accounting required in a drug store. Pharmacy billing is no basic issue, in spite of the fact that innovation expels a large portion of the cerebral pains. Pharmacy billing is considered as one of…
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Pharmacy Billing Services
How does a RCM Pharmacy manager can benefit and impact the ecosystem?
Drug therapy, compared to hospital treatment and the surgical procedure is more coherent of medical treatments. Who’s in charge of prescription benefits? Many people think that prescription drug aids come straight from a health insurance provider, when in fact, there’s a very important intermediary doing the bulk of the work for over 80% of employers in the U.S.A. National Community Pharmacists Association identifies 3 major regulatory concerns: The absence of precision and transparency in the…
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