Pharmacy Billing Services In House VS 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 you’re 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 patient’s 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 nation’s 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@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537