Healthcare and Medical News Line @HealthcareDirectUSA
19 October, 03:36
๐—” ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐—š๐˜‚๐—ถ๐—ฑ๐—ฒ ๐—ฃ๐——๐—™ ๐—ผ๐—ป #Pharmacy_Benefit_Management

๐Ÿ“š โ€‹ ๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐˜๐—ต๐—ถ๐˜€ ๐—ฃ๐——๐—™ ๐—ฎ๐˜: https://lnkd.in/d5SHDcFh

The pharmacy benefit management system is operated by third party administrators (#TPAs) who act as a liaison between pharmacists, insurance providers (payers), and drug manufacturers. There are established companies offering these services who aid in reducing drug prices by negotiating with retail pharmacies and drug manufacturers. #patients who have enrolled in various health plans and those uninsured can get the benefits of pharmacy benefit management system. #health plans collaborate with the pharmacy benefit managers to offer medications at a lower price than those available at retail pharmacies.

#pharmacybenefitmanagement #pbm #Healthcare #employees #ceo #employers #ascend #ascendpbm #insurance #savingsanalysis #benefitplan #cfo #plansponsor #unions #broker #chr #pharmacy #tpa #employeeengagement #pharmacybenefits
Healthcare and Medical News Line @HealthcareDirectUSA
23 September, 03:15
Add GW Modifier for Hospice

When a patient gets enrolled in hospice for treatment, the claims submitted to Medicare HMOs will be denied as โ€˜Service not Coveredโ€™ because Medicare does not cover a patient enrolled in Hospice. In such case, check patientโ€™s eligibility, confirm hospice dates and add GW modifier.

Our Internal Medicine billing experts can assist you: https://goo.gl/5Xx2d3

#RCM #ICD10 #CMS #CPT #Reimbursement #Denials #Payers #ClaimDenials #ChargeEntry #RCMServices #RCMProcess #DenialManagement #AccountsReceivable #MedicalBilling #MedicalCoding #Medicare #Medicaid #MedicalBi

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