Ensure proper reimbursement with pharmacy billing

Ensure Proper Reimbursement with Pharmacy Billing

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Ensure Proper Reimbursement with Pharmacy Billing

The 2009 drug trend report had predicted continued increase in price among traditional branded and biotech drugs that lack generic competition. Unfortunately, CMS (Chronic Medication Service) reduced its average sales price (ASP) from 6 percent to 4 percent affecting pharmacy reimbursement.

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Other Factors That Have Affected Pharmacy Reimbursement:

• Data Workflow • Procurement • The Charge master • Linkages between Purchases & Billing • Coding • Drug Prices • Rules & regulations & Compliances

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Effective Reimbursement model

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Pharmacy billing practices with respect to reimbursements must be optimized to avoid fraud, waste and abuse.

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Efficient determination of factors that affect billing will enable decrease in denial claims and external audits rates thus increasing reimbursements and creating an effective Revenue Cycle Management.

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MBCs role in maximizing Pharmacy revenues

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An audit-ready and compliant environment is critical for preserving institutional accreditation and licensures that can maximize revenues.

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MBCs expertise in Pharmacy billing will help enhance your profits and avoid incorrect billing.

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Strategies and essential resources at MBC can bring sound financial health to Pharmacies across US.

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About MBC

Medical Billers and Coders is the right place for holistic billing solutions for your Pharmacy billing and coding. Our 16+ years of experience gives us a leverage that brings to you cost effective solutions ensuring enhanced profitability and satisfied patient care.

Call us today !

Toll Free No - 888 357 3226. www.medicalbillersandcoders.com info@medicalbillersandcoders.com