For Practice Mate every prescription counts—and so does every detail of the medication. We offer a pharmacy billing management service to address the complexities. We’ve built an accurate pharmacy-focused solution for efficient prescription fulfilment and let you focus on care.
Pharmacy requires precision. Every order and claim is prepared with attention to even the minute detail. This means maximizing acceptance rates and minimizing the need for resubmission. Our pharmacy billing service is fully scalable, accommodating everything from independent pharmacies to large chains with multiple locations. We adapt our approach to offer consistent support and optimized reliable billing at every stage and step of the process. Our team stays updated with the latest ICD-11 and DSM-5 standards means every claim meets regulatory requirements and reduces the risk of audits.
Real-time updates to patient records to key data changes such as discharges, physician updates, and census information because our team knows how crucial it is for maintaining accurate billing documentation.
Integrated tracking of patient admissions, feeding directly into billing workflows, and everything in between. Practice mate performs immediate claims initiation to reduce delays and improve cash flow by maintaining up-to-date admissions data.
We organize storage and management of prior documents to improve the authorization process for quicker approvals. This reduces wait times on claims, allowing for faster reimbursement cycles and maintaining compliance with insurance provider requirements.
Automated tracking and processing of prescription refill requests, complete with reminders and approval tracking. This service means timely and accurate fulfillment for recurring orders to minimize prescription delays.
This service supports continuous AR monitoring with immediate follow-ups on outstanding accounts. This active tracking approach shortens payment cycles, improves collections, and stabilizes cash flow, and eventually improves financial health.
Direct integration of both manual and automated payments into the billing system. This service captures payments in real-time, reducing data entry, and delivering up-to-date financial records for simplified account reconciliation.
Real-time claim tracking from submission to final settlement guarantees full visibility over each claim’s progress. This reduces time on follow-ups and improves reimbursement timelines.
Practice Mate offers a comprehensive pre-submission verification of insurance coverage to confirm patient benefits before claims submission. This service reduces rejections, improves claim acceptance rates, and speeds up the reimbursement process.
Practice Mate's team is well trained with knowledge of pharmacy-specific billing codes and regulations.
Through continuous monitoring and prompt follow-ups on outstanding accounts, the Practice Mate certified team provides financial stability for your pharmacy.
Our team stays abreast of the latest healthcare regulations, adhere to current standards and minimize audit risks and safeguards your practice's reputation.
