Keeping the Promise-to-Pay: Why Pharmacy Claims Reconciliation Is a Must

pinky promise - pharmacy claims reconciliation
What does it take to operate a pharmacy? First, you need a pharmacist. Second, you need a physical location to store and dispense medication. Third, you need a supplier to help you stock your shelves. And the list goes on. But what many pharmacists would not think to include on this list — and absolutely
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Why Independent Pharmacies Need to Reconcile Claims

pharmacy claims - man using credit card with laptop
Few things are worse than checking your balance and seeing a lower number than you expect. Two decades ago, the NCPA filed a report on the differences between amounts approved and amounts paid to independent pharmacies by third-party payers. They found that when there was a difference, the pharmacy lost an average of $20 per
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Perform Pharmacy Claims Reconciliation Like a Boss

Perform Pharmacy Claims Reconciliation Like a Boss
According to the Henry J. Kaiser Family Foundation, pharmacies across the country filled 10.5 million prescriptions per day in 2018. Of those, only five percent were paid for without a third-party payer involved. That leaves 95 percent of the average pharmacy’s prescription revenue tied up with private insurance companies and government health insurance programs. That’s
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