Pharmacy Receivables Management
The pharmacy industry is changing as a result of aggressive pricing competition, aging dispensing and reconciliation systems, Medicare prescription drug coverage, audit increases, 340B programs and evolving PBM contract options. PRISM Spectrum helps pharmacies solve these challenges and more. PRISM Spectrum is presented in an exception-oriented and workflow-based tool. If you are spending too much time and money on managing your third-party pharmacy receivables, it is time to contact us.
Hosted Web-based application provides daily reconciliation in an exception-based workflow tool. PRISM Spectrum works with any data source and bank. Inmar Revenue Recovery provides benchmarking data, collection services and contract management tools.
Results:- Increase revenue recovery
- Reduce write-offs and Days Sales Outstanding (DSO)
- Focus only on the exceptions
- Reduce time spent on manual procedures
- Support 340B Drug programs
- Negotiate better contract rates
- Recover unacceptable MAC rates and contract compliance
- Audit tracking and prevention
- Maintain control over reconciliation business rules
- Increase electronic remittance
If you would like more information about Inmar's revenue recovery solutions, please contact us.