Third Party Participation
Third
party contracts were the original foundation and focus of
SAV-MOR Franchising, Inc. In order to compete, even exist
in today’s environment, Pharmacists must have turnkey
access to third party networks. The hard fact is that most
independents
lack the clout, knowledge and skills to negotiate better
contracts.
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To reap the benefits of our expertise, negotiations,
revisions and other modifications, the answer is -
SAV-MOR
Franchising,
Inc., which offers third party contracts and preferred rates only available
to chains. (Details Available upon Request.)
It is part
of the SAV-MOR Drug Store mission to continue building relationships
with all Pharmacy Benefit Managers, Hospitals,
and HMO’s.Sav-Mor helps you maximize your operating
ability. This assures your ability to fill the prescriptions
and remain
profitable for the benefit of your business and the
customers who have come to trust you.
Sav-Mor Franchising, Inc. offers first
line Help Desk Chain Support
for all of our pharmacies.
Sav-Mor uses a customized
CHAIN HOST pharmacy management computer system to link each
individual pharmacy location
with the Sav-Mor Corporate Headquarters. We collect data files including
third party reimbursement and clinical information from each
pharmacy
location
via the Internet on a daily basis.
This results in accurate and effective management of
third party contracts ensuring that participants fulfill all contractual
guidelines. The benefits available to our stores
through this system further ensure complete chain-wide compliance. Since
we capture information from each store on a nightly basis, we
have a very focused gauge as to what our stores are doing. Our
Chain Host reports have provided increased profits, and located
lost / Mis-billed dollars for all our locations.
Third PARTY CLAIMS RECONCILIATION
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Sav-Mor has recognized the inherent complications
of managing a Third Party open item accounts receivable system
that receives
incremental payments and, in most cases, discounted payments
for individual line items.
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We know that it is a misconception
to assume you are getting paid
for a prescription just because it adjudicated on line.
With the Sav-Mor Franchising RECONCILIATION software we will
monitor this for you,
help you
improve your profit margin, and your audit compliance.
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Clearly, we recognize the engine that drives
the industry is third party payment. In today’s competitive marketplace,
it is more functional and advantageous to permit another entity
to
wear some of your hats, such
as the ones for reconciliation and third party contracting.
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