Pharmacy Receivables Management Solutions

Many retailers are challenged with collection of pharmacy receivables. Industry research shows that up to 4 percent of pharmacy claims are not paid at all, and 1.5 percent are only partially paid. ProLogic enables independent pharmacies and grocery store, pharmacy and mass merchant chains to collect up to 99.5 percent of pharmacy receivables through comprehensive receivables and reconciliation management solutions:

• Maximize collections, speed reimbursements and improve cash flow
• Reduce write-offs, aging receivables, denials and short-payments from payers
• Better reconcile payments with claims, reducing open claims and unapplied cash
• Ensure HIPAA compliance
• Improve predictability of reimbursement patterns using payer business rule database

Cost-Effective Reconciliations for Pharmacies

ProLogic has teamed with Tranquilmoney, an established leader in the pharmacy receivables industry, to deliver detailed, cost-effective claim-level reconciliation:

• Reconciliation of checks with corresponding payment
• Application of payments to claims
• Exception processing
• Detailed reporting
• Up-to-the minute information via PharmTracker™, our exclusive web-based software reconciliation engine

Rebates for Pharmacy Cash Transaction Data

ProLogic may also be able to help you receive rebates for qualifying cash transactions from manufacturers in exchange for produ∂ct sales volume and pricing information. To learn more about this program, contact ProLogic.

CASE STUDY:

Claims Reconciliation and Receivables Management for a Fortune 100 Pharmacy Chain

Put our solution to work for your pharmacy chain. Contact ProLogic today.