Pharmacy Billing Services – In House V/S Outsourcing - PowerPoint PPT Presentation

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Pharmacy Billing Services – In House V/S Outsourcing

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The selection of 24/7 Medical Billing Services as a pharmacy business outsourcing partner would mean optimizing your pharmacy billing processes through reliable, timely, and uninterrupted outsourced services at the most reasonable prices. – PowerPoint PPT presentation

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Title: Pharmacy Billing Services – In House V/S Outsourcing


1
Pharmacy Billing Services In House V/S
Outsourcing
https//www.247medicalbillingservices.com
1 888-502-0537
2
Pharmacy Billing Services In House V/S
Outsourcing
As per the Drug trend report, the traditional
biotech drug that lacks generic competition has
been experiencing a continual increase in price.
Furthermore, the CMS has reduced the Average
Sales Price (ASP) margin from 6 to 4. All these
changes are going to affect the pharmacy
reimbursement rate as a consequence. However,
there are certainly more aspects due to which
pharmaceutics are experiencing their revenues
hitting the wall. Although pharmacists work at
large integrated health systems and primary care
centers, their reimbursement rate declines with
every additional case. This happens mainly
because there is always a pile-up of
outstanding accounts receivables. Therefore, if
the pharmacy billing process is not organized
properly, it will only result in a negative
financial burden.
https//www.247medicalbillingservices.com
1 888-502-0537
3
Pharmacy Billing Services In House V/S
Outsourcing
  • If youre really looking forward to improving
    your medical billing and coding process, it is
    important to seek help from a dedicated team of
    billers and coders. Entrust your pharmacy billing
    to a reputed outsourcing medical billing team
    that can promptly assure you a smart and seamless
    billing service. They will take care of the
    entire revenue cycle spanning across the various
    domains like
  • Pre-admission procedures
  • Data entry for patients information
  • Data coding
  • Generation of billing statements
  • Management of accounts receivables
  • Following up with the insurance payers for
    claims, approvals, and denials
  • Hospital billing collection services
  • Reporting of the collections

https//www.247medicalbillingservices.com
1 888-502-0537
4
Pharmacy Billing Services In House V/S
Outsourcing
  • Conclusion
  • When you partner with a premier pharmacy business
    outsourcing company like us, you can enjoy
    certain unbeatable benefits like
  • 98 accurate billing for your pharmacy
  • 50 reduction in your overall pharmacy management
    costs
  • 99.9 uptime on document management repository
  • Highly scalable services
  • Multi-specialty expertise
  • 24/7 web-based access
  • Complete data security
  • One to one service

https//www.247medicalbillingservices.com
1 888-502-0537
5
Pharmacy Billing Services In House V/S
Outsourcing
About 24/7 Medical Billing Services 24/7
Medical Billing Services is the nations leading
medical billing service provider catering
services to more than 43 specialties across the
entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee
up to 10-20 increase in the revenue with cost
reduction of your practice for up to
50.  Media Contact Hari Sudan,  24/7 Medical
Billing Services, 16192 Coastal Hwy, Lewes, DE
19958 Tel 1 -888-502-0537 Email -
info_at_247medicalbillingservices.com
https//www.247medicalbillingservices.com
1 888-502-0537
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