PharmaSmart Leverages NCPDP Billing Unit Standard for Accurate Billing and Reimbursement for its Smart Card Product
Rochester, NY (PRWEB) July 10, 2013 -- PharmaSmart® International Inc., an Inc. 5000 and Rochester, NY Top 100 company, announced its Smart Card product, which confidentially stores and channels a patients biometric readings from its kiosk technology to Pharmacy Systems and Physician EMR conforms to NCPDP’s Billing Unit Standard (BUS) and has also been listed in multiple national drug databases, including Medi-Span, Redbook, Gold Standard, and Cerner.
In February 2013 NCPDP Work Group 2 Product Identification (WG2) adjudicated a billing unit for the PharmaSmart Smart Card to conform to NCPDP’s Billing Unit Standard (BUS). This action allows for uniform listing of the product’s billing unit amongst the national drug databases to facilitate consistent and accurate billing and reimbursement. The PharmaSmart Smart Card is currently listed in multiple national drug databases, including Medi-Span, Redbook, Gold Standard, and Cerner.
PharmaSmart® Senior VP of Strategic Business Development, Josh Sarkis stated, “We are pleased to have our SmartCard conform with NCPDP’s Billing Unit Standard to ensure accurate billing and reimbursement, and also have our core patient care tool listed in national drug and device compendia. This allows us to more easily connect providers, health plans, and pharmacists in the collaborative support of hypertension patients.” Sarkis continued, “The PharmaSmart Smart Card can now be e-prescribed and listed in national formularies. This enables improved medication therapy targeting blood pressure control (not just adherence), and a clinical reimbursement model that is integrated into standard pharmacy workflow.”
PharmaSmart demonstrated its technology to PBMs and national insurance providers at the NCPDP Annual Conference in Phoenix. Sarkis continued, “PBMs and health plans invest in the PharmaSmart program because it offers evidence based outcome metrics, it supports their pharmacy services strategy, and it is highly cost effective on a per-patient basis.”
PharmaSmart® Chief Operations Officer & GM, Ashton Maaraba states, “Because our program is clinically validated and supported by published science, PharmaSmart offers our retail clients a scalable chronic disease management solution. In today’s healthcare environment, retail pharmacy will need to demonstrate that they can deliver improved outcomes through validated metrics. PharmaSmart is the first retail program to deliver on this challenge, and our progress with payer organizations opens up new ROI for retailers looking to innovate their pharmacy services offering.”
PharmaSmart is an active participant in NCPDP Work Group 10 Professional Pharmacy Services (WG10), and is working within WG10 to help develop support for the inclusion of pharmacy sourced patient biometrics within the medication therapy management communication and documentation standards and the electronic health record. NCPDP is a not-for-profit, ANSI-accredited*, Standards Development Organization with over 1600 members representing virtually every sector of the pharmacy services industry.
PharmaSmart® also announced the hiring of Laura Topor, an NCPDP veteran with strong PBM, health plan, and retail pharmacy experience, to spearhead the development of its managed care/payer relations programs. Maaraba adds, “Laura is well known, well connected, and she understands payer-retailer partnerships and logistics. We are excited to have Laura on board.”
About PharmaSmart® International:
PharmaSmart®, headquartered in Rochester, NY, USA, currently serves more than 6,000 locations, including retail pharmacies such as Kinney Drugs, Bartell Drugs, Coborns, Nash Finch, Roundy’s, Associated Food Stores, Leader, Good Neighbor, Astrup Drug, Winn Dixie, Big Y Foods, Harmons Grocery, Wal-Mart Canada, Safeway Canada, Loblaw’s, Le Groupe Jean Coutu, Shoppers Drug Mart, Rexall/Katz Group, Zellers, Sobey’s Lawton’s, and other fine pharmacies. PharmaSmart® also serves major worksites, military bases, University Schools of Pharmacy, hospitals and medical clinics.
PharmaSmart’s PS Data Smart® Health IT database currently holds more than (17) million targeted patient BP readings. For more information visit the company's website at http://www.PharmaSmart.com or contact corporate communications Shauna Delahanty at (800) 781-0323.
Shauna Delahanty, PharmaSmart, http://www.PharmaSmart.com, (800) 781-0323 338, [email protected]
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