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Guaranteed Rebilling Service
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Third parties base a pharmacy’s contracts upon some form of manufacturer’s price. When a manufacturer increases their price, many third parties experience a delay in obtaining and entering the new information into their systems.
When this situation occurs, the pharmacy may not receive the correct amount of payment. In order to receive this amount, the claim must be re-billed to the third party within the “window” for claims resubmission. Because you cannot resubmit some reversed claims, many pharmacies that have tried to do this process themselves have experienced losses.
>The Guaranteed Rebilling Service from New Tech Computer Systems addresses this problem in a novel way by absorbing the risk of the reversal transaction. Over 80% of the claims that are re-billed under this system result in increased reimbursement to the pharmacy.
With New Tech's guaranteed program, there is no risk - it's your money!
New Tech handles the rebilling with no pharmacy involvement required.
- The sum of losses, new money earned and switch fees are added together to form a “gross” amount based upon monthly performance. (Earnings – Loss – Switching Fees = Gross).
- If the “gross” is negative, the pharmacy is given a credit on their monthly New Tech charges.
- If the “gross” is positive, New Tech receives 25% for rebilling the claims and absorbing the rebilling risk.
- A real time report is available on-line and the pharmacy receives a monthly detail of the billing activity.
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New Tech Rebilling Service Temporarily Halted for Updates
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