Third-Party Pharmacy Solutions

Pharmacy Receivable Management
The pharmacy industry is changing as a result of more aggressive pricing competition, aging dispensing and reconciliation systems, Medicare prescription drug coverage as well as evolving PBM contract options. PRISM Spectrum’s suite of financial back-office services help pharmacies solve these challenges and more. Hundreds of users easily access all of their third party pharmacy information over the Web every day. PRISM Spectrum is presented in an exception-oriented and workflow-based tool. If you are spending too much time and money on managing your third-party pharmacy receivables, it is time to contact PRISM.

PRISM Spectrum:

• Accepts claims from any data source with tools to manage through dispensing system changes
• Pulls deposit data directly from your bank
• Dedicated Carrier Relationship Manager works directly with carriers and the majority of the state Medicaids to convert to electronic remittance
• Access to benchmark industry data
• Performs daily applications and reconciles millions of claims monthly
• Provides collection tools to customers and collection services on their behalf
• Provides comprehensive accounting reports and GL entries
• Delivers periodic business reviews to help clients improve their pharmacy operations