New Services Designed to Improve Patient Care and Support Fair and Transparent Reimbursement for Pharmacists

Source: AmerisourceBergen

LAS VEGAS, July 31, 2015 /PRNewswire/ — In today’s fast changing healthcare environment, independent pharmacists seek resources that help them drive positive health outcomes, improve profitability and enhance their role as a vital source of patient care in their communities. At ThoughtSpot 2015, Good Neighbor Pharmacy’s annual tradeshow and conference, AmerisourceBergen announced a new set of innovative capabilities that will strengthen its Pharmacy Services Administration Organization and help independent pharmacies endure the industry’s most pressing challenges, including pressure on profit margins, narrowing networks and reimbursement challenges.

“AmerisourceBergen and Good Neighbor Pharmacy are committed to providing community pharmacists with the resources they need to transform their businesses, adapt to industry changes and to leverage their collective voice to shape the delivery of pharmacy services,” said David Neu, executive vice president of retail strategy at AmerisourceBergen and president of Good Neighbor Pharmacy. “Over the past year we’ve made a series of targeted investments that will support independent pharmacies in their efforts to improve patient care and receive fair and accurate reimbursement for their services.”

During today’s general session, AmerisourceBergen leaders unveiled the organization’s revamped Pharmacy Services Administration Organization. Bolstered by a core of enhanced capabilities, the newly-named Elevate Provider Network will support independent pharmacies in their efforts to improve profitability through enhanced patient care, better business practices and by leveraging centralized data to support reimbursement discussions with payers. Highlights of the new service, which will enable Good Neighbor Pharmacy to provide its network members access to its Premier-level services, include:  

• A new patient engagement center and capability set, powered by PrescribeWellness, that independent pharmacies can leverage to drive adherence and enhance patient care, ultimately creating the potential to improve CMS Star ratings and increase reimbursements
• Access to pre- and post-claims editing services through Emdeon, a leading provider of revenue and payment cycle management, which will help reduce claim errors, improve pharmacy profits and provide greater transparency into payer reimbursement
• An expansion of its central pay capabilities with the addition of claim reconciliation services powered by FDS, Inc., which enables pharmacists to monitor their receivables balance
• A revamped InSite pharmacy performance tool that will now include front-of-store sales data displayed in its popular peer benchmarking view, allowing pharmacies to measure performance against similar stores
• A new mobile application that will notify pharmacists of key information they need to manage their business at the touch of a finger, such as the next day’s bank deposits and a six-month trending view of their performance in the four highly-rated CMS Star clinical measures

“AmerisourceBergen believes that community pharmacy is a key delivery point for high-quality and accessible health care. It’s a great and humbling responsibility to provide pharmacists with the resources they need to optimize and grow their businesses,” Mr. Neu said. “The enhancements announced today will support the delivery of true community healthcare by enabling independent pharmacists to further support patients, operate their pharmacies effectively and combat growing industry challenges surrounding reimbursement.”

Good Neighbor Pharmacy’s 2015 Pharmacy of the Year Award was announced during general session. Topeka Pharmacy received the esteemed award for exemplifying what it means to be a Good Neighbor Pharmacy in their commitment to enhancing patient care and lives in local communities.

During the general session, AmerisourceBergen leaders announced that the company pledged to match up to $50,000 for any contributions made to the National Community Pharmacists Association Foundation (NCPAF) between July 30 and August 31. The donation will benefit the Foundation’s disaster relief and pharmacy assistance fund and support independent community pharmacies who are affected by natural disaster or other adverse circumstances.

For more information on the ThoughtSpot conference, please visit: http://www.thoughtspot2015.com/.

About AmerisourceBergen
AmerisourceBergen is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers innovative programs and solutions across the pharmaceutical supply channel in human medicine and animal health. With over $120 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 16,000 people. AmerisourceBergen is ranked #16 on the Fortune 500 list. For more information, go to www.amerisourcebergen.com.

(PRLEAP.COM) May 05, 2015 – Baltimore MD – FDS, Inc. today announced a strategic partnership with American Pharmacies, a for-profit, member-owned buying cooperative established in 2002 to protect the interests of independent community pharmacies.
In keeping with American Pharmacies commitment to protect the interests of independent community pharmacies and increase member’s profitability, FDS’ myDataMart provides a comprehensive business intelligence tool that provides a deeper look into pharmacy operations. myDataMart offers a robust array of dashboards and graphical reports to American Pharmacies member pharmacies to help them manage patient adherence, five star performance measures, new and lost patients, dispensing analysis and much, much more.

FDS’ eNGAGE is an efficient, coordinated patient management service to meet the growing demands of five star adherence and pay for performance (P4P) measures while strengthening the pharmacy-patient relationship. American Pharmacies members will be able to easily identify and target patients based on five star adherence ratings, medication synchronization needs, and MTM opportunities. Focusing on the correct patients and insurance plans is crucial to success in today’s pharmacy marketplace. eNGAGE’s automated patient messaging extends the in-store relationship with simple but meaningful messages via phone or text to leverage the personal relationships community pharmacies have with their patients.

“We are excited to work with the team at American Pharmacies to bring myDataMart and eNGAGE to the American Pharmacies members. American Pharmacies and FDS are working together to help community pharmacies compete in today’s pharmacy marketplace,” said Rich Bukovinsky, EVP Business Development for FDS, Inc.

“We are always interested in working with premier organizations that provide real value to our members,” American Pharmacies President Mike Gohlke said. “In the new era of Star Ratings and pay for performance, myDataMart offers tremendously valuable data analytics such as pinpointing competitive trends and strengths and weaknesses that give our stores powerful, real-time tools.”.

About FDS, Inc.

FDS offers professional, comprehensive and affordable business solutions that immediately impact pharmacy profitability by providing tools to manage patients, third party receivables, five star measures, DIR fees and much, much more. FDS’ leading edge business analytics tools are simple to use but provide a robust array of dashboards and graphical reports to make your data meaningful and useful. FDS products and services help pharmacies and managed care organizations connect with their patients 24hrs a day, analyze and better understand their business, while also offering population health management tools. For additional information or request a demonstration, please visit our website at: www.fdsrx.com or call us at (877) 602-4179.

About American Pharmacies

American Pharmacies is a multi-state, member-owned buying cooperative for independent pharmacies that is based in Corpus Christi, Texas. Founded in 2002, APRx is a leading political and legal advocate for members in Texas, Louisiana, New Mexico and Oklahoma. For more information, please visit www.aprx.org.

CONTACT INFORMATION
FDS, Inc.
eNGAGE and myDataMart
877.602.4179
FDSMarketing@fdsrx.com