RecRx – Pharmacy Claims Reconciliation Service
Did you get the "promise to pay" amount from the third-party payer?
Pharmacy claims reconciliation helps ensure you get the promise to pay amount from the payer. Using electronic remittance advices, RecRx is an automated claims reconciliation tool which helps capture all third-party pharmacy claim payments. The pharmacy claims are then audited, reconciled, and verified that payment is received. With 24/7 secure access to the Net-Rx web portal and multiple reporting features, pharmacies can view discrepancies in real time to identify and correct reimbursement from third-party payers.
How RecRx Helps to Ensure Accurate Third-Party Reimbursements
Third Party Accounts Receivable
Are you able to easily quantify and qualify your month end numbers to close your books?
Accounts Receivable is an add-on service which offers a monthly accounting of sales and payments captured within the RecRx tool. It provides pharmacies with valuable data that is helpful in financial reporting. By comparing claims to payments, Accounts Receivable reporting summarizes third-party claims, payments, fees, adjustments and quantifies final outstanding values for the month.
Benefits & Features:
- Improve process efficiencies
- View reconciled claims
- Identify partially and unpaid claims
- Reduce paper remittances
- Financial and Total Sales reporting tools
- Track PBM fees and adjustments
- Extended Customer Support hours: Monday-Friday 9am-8pm Eastern Standard Time via phone, e-mail, and live chat
- Reconcile 100% of third-party claims
- Vendor-neutral
Other add-on service options:
- Electronic Funds Transfer setup for direct deposit (EFT)
- Archive Assistance (bank reconciliation)
For more information about RecRx, Third-Party Accounts Receivable and other add-on services, fill out our contact form or call 1-866-366-3879.