Spartanburg, SC -- August 13, 2004 -- QS/1 announces a new service to provide reconciliation for FamilyCare members. FamilyCare, a service of QS/1, is the leading established network for independent pharmacies. FamilyCare brings the strengths of a chain business to independent pharmacies without sacrificing the local ownership and personal service that makes them unique. This new online reconciliation service can significantly reduce the time spent tracking pharmacy claims, providing the pharmacy staff with time to focus on giving quality patient care.
FamilyCare Reconciliation provides monthly online reports for each plan. Nonpayment reports list all prescriptions filled where no accounts receivable activity has been recorded. Exception Reports quickly identify specific claims that have been submitted to the Pharmacy Benefit Manager (PBM) but have only been partially paid. These reports identify transactions the pharmacy needs to review in more detail, eliminating the hassle associated with searching through volumes of data to find a single transaction. FamilyCare Reconciliation is an extremely cost-effective solution when compared to the cost of adding staff or increasing the workload of existing staff.
This service also offers detailed remittance advice including line-by-line detail of each claim. These reports can be printed or downloaded into Excel format in order to save necessary information for quick retrieval.
“FamilyCare Reconciliation was created to provide our FamilyCare customers with a convenient method of tracking and monitoring their accounts receivable activity as well as a quick means for locating specific payments,” said Randy Burnett, QS/1 Network Industry Coordinator.
Membership in the FamilyCare pharmacy network brings new opportunities to independent pharmacies in programs for prescription rebates, market share rebates, prescription reconciliation, over the counter rebates, prescription verification and more.
About QS/1
QS/1, a leading provider for pharmacy software, serves independent pharmacies, drug/food chain pharmacies, institutional pharmacies, hospital outpatient pharmacies and HME businesses. QS/1 is a division of the J M Smith Corporation, the third largest privately held company in South Carolina. For additional information, visit the QS/1 web site at www.qs1.com. |