A recent survey forecasted that the pharmacy automation market will hit $8.8 billion in the year 2018. In the year of 2011, the pharmacy market was valued at $4.7 billion and nearly 60% of the generated revenue came from automated medication dispensing system. Pharmacists believed that this pharmacy segment is expected to see a compound […]
With an effort to access and improve the healthcare industry in USA; along with managing the costs which have been the primary issue since years; the introduction of ACO (Accountable Care Organization) whereby the providers have created a comprehensive network that works for the betterment of the patients, and it is appreciated as an achievement […]
Prior Authorization for a drug is one of the foremost processes on which the financial health of a Pharmacy facility depends on. Today, with the advancement in the areas of EMR and EHR, Pharmacy billing personnel who work in-house or offshore have to guarantee in advance to their doctors about the patients insurance plan. While […]
The U.S Healthcare industry at the moment is undergoing drastic changes, as the federal government gets ready with a new bill. Eying such a gloomy scenario is it the right time for community pharmacy billing to transform its business operating model for a higher revenue numbers? What impact will it have on the payer-provider front? […]
The quantity of administrations provided by doctors, clinics, and nursing homes to their patients is consistently expanding. Each time patients are given treatment and care, they owe a specific amount to the healthcare service provider in the form of reimbursement. Same is the process with Pharmacy facilities, as channelizing repayments without affecting their facility is […]
Modernizing pharmacy is the new way to help industry to adopt scientifically sound novel technologies that helps manufacture quality medicines that are consistently effective and safe. Technology changes in pharmacy are not a new thing; but there was a hesitation of adopting the technology. Gradually the industry now embraces the information exchange via drug bar […]
Today Pharmacists have transformed their practice from just being dispensers of medicines over the counter to providers of healthcare. They are increasingly providing direct patient care based on a scope that is directed in the states in which they practice in a variety of settings right from inpatient, outpatient, and community pharmacies. The most accessible are […]
Pharmacies practice their specialized clinical and advanced training that allows them to evaluate, monitor and adjust drug therapy while working in close collaborations with physicians and patients. Clinical services like medication monitoring, adjusting doses and regimens, and sometimes even changing prescriptions are some of the important functions that a pharmacist is trusted with on the […]
Healthcare Common Procedure Coding System (HCPCS) is based on the Current Procedural Terminology (CPT) developed by the Center of Medicare and Medicaid (CMS). Till 1996, HCPCS was optional but after the passage of the Health Information Portability and Accountability Act (HIPAA), the government had made the use of HCPCS mandatory in certain cases. The HCPCS […]
Prior authorization (PA) requires a pharmacy to obtain approval from your health insurer to dispense a specific medication prescribed by the doctor to you. The PA clause is usually put to use in case for very expensive medication. The adoption of PA technique is known to minimize health care costs, as the benefits are only […]
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