Streamline processes and improve speed of payment for independent pharmacies
Receiving payments from multiple payers, in many different formats and on many different payment cycles is a challenge and expense many independent pharmacies face today. This process inevitably leads to missed, misplaced, or stolen checks that slow down the disbursement of funds.
Inmar’s Central Pay web application is a powerful financial management tool designed for independent pharmacy groups that streamlines healthcare payer funds disaggregation for the independent pharmacy industry, whether the payments are for third-party claims, clinical services, MTM, etc.
This service is designed for independent pharmacies to receive aggregated payments and consolidated remittance detail across many different payers from one central source. It allows pharmacies to avoid the complexities of tracking payments, improves speed of payment while reducing the possibility of misplaced checks, delayed deposits and employee theft. The application also helps save time and eliminates the administrative costs associated with receiving paper checks, making deposits, and following up on check issues; and provides auditable tracking for payments.
Inmar’s Rx Central Pay application features include: receipt of one consolidated payment for the entire PSAO (Pharmacy Services Administration Organization) or independent pharmacy group, delivery of EDI 835 remittance files from payers, payment disaggregation and initiation of ACH payments to individual stores within 24-48 hours, summary and detail reporting for all payment data, and provision of 835 files that can be uploaded into dispensing systems or provided to reconciliation vendors.
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Ready to learn more about Rx Central Pay or another Inmar product or service? Contact us using one of the methods below and we’ll be happy to help.