20 years’ experience providing up to 99.9% collections for Pharmacies
Our services for Pharmacy chains, grocery store chains, mass merchant chains, and independent pharmacies provide comprehensive receivables and reconciliation management backed up by robust software to improve cash flow, reduce write-offs and costs.
Pharmacy
Reconciliation services
PharmTrackerTM
Software with AI
PharmTracker
AR Finance
HIPAA, Sarbanes Oxley
Compliance
We take care of all related activities such as electronic claim filing, RA processing, and reconciliation, Paper-to-Electronic conversion, claim level reconciliation, follow up for payments and reporting.
Our pharmacy receivables services are backed by robust software, technology, domain expertise, onsite consultants, back office personnel and proven delivery processes.
Highlights
Many years in business with most of our physicians with glowing reviews
Approved vendor to the WCB in New York State - providing electronic claim filing with quick collections
combination of expertise, experience, quality systems, technology and follow up ensures high collections
Accurate coding and code verification ensure low denials
Our AI based software supports us in selecting the right ARs to follow up
Claim reconciliation services with 99.999% accuracy
technology and overhead costs reduced
Enables smart management of healthcare receivables
Software, billing services, EHR, telehealth and miscelleneous support
HIPAA, HITECH, SARBANES OXLEY certified for security and privacy
Pharmacy Receivables Reconciliation services
100% Matched claims with the payments
Pharmacy Claim and Check/ Remittance Advice reconciliation is key to collecting pharmacy receivables.
By matching each claim with its check, it is possible to follow up with the payer, find the cause for denial and re-submit the claim.
Tranquilmoney offers the services and software to manage this and collect upto 99.9%.
Pharmacy Receivables Financing
Easy processing, quick cash flows.
We offer cash flow solutions for Independent pharmacies. Instead of waiting to receive payment from the insurance payor cycle, you can get immediate funding against your Pharmacy claims.
PharmTracker Software
Pharmacy Receivables Reconciliation software with an AI engine.
All pharmacy claims do not match with payments resulting in unapplied cash and open claims. Some claims are paid only partially or not paid at all and this amounts to 15 to 20 percent of the claims. Our software PharmTrakcer uses artificial intelligence to identify reimbursement discrepancies and do the matching.
- Reconciliation of checks with corresponding payment
- Application of payments to claims
- Exception processing
- Reporting
- Integrates with EPS systems
Compliance
HIPAA