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Category: Revenue Cycle Management Software (Click here to return)
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Pharmacy ChargeLink
The Craneware Group
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As providers adjust to the new value-based world, inconsistencies between pharmacy systems and financial systems could cost millions of dollars in missed pharmacy reimbursement and compliance risk. Many organizations fail to continuously validate pharmacy data in the formulary and chargemaster. When a big change such as an HIS conversion, a revenue shortfall, or an OIG or other compliance audit occurs, the damage is already done and they face an uphill battle to correct it. In addition, bundled reimbursement will make it critical for providers to have visibility into acquisition costs so they can more effectively manage their service lines.
Better outcomes from using Pharmacy ChargeLink
- Optimal reimbursements for pharmaceuticals because pharmacy data is accurately represented in both the financial system (chargemaster) and the formulary
- Ability to better manage costs, internal pricing policies, improve margins, and recover and protect revenue
- Understanding of the impact that reimbursable drugs missing coding have on your bottom line
Entry published in PP&P