ProviderPay®
Pharmacies face many challenges in today's complex healthcare environment: long delays for third-party payer reimbursement, complex reconciliation of claims and lack of funds recovery expertise.
ProviderPay®* delivers payment recovery and reconciliation services to improve your cash flow and help you maximize your receivables, along with optional claim funding.
This full-service, end-to-end solution is compatible with all payers and offers paper-less, Web-based access to claims reimbursement records through a secure server. Using ProviderPay you can:
- Improve cash flow and payment information
- Receive funding of pharmacy claims in 24-48 hours
- Track all reimbursement information by payer
- Maximize revenue opportunities
- Enhance your budgeting and forecasting process
ProviderPay allows you to automate your business office and reduce delayed reimbursement, improving your cash flow and eliminating unnecessary manual processes.
Claim Funding
In a time when some payers take 30-120 days to pay claims, with ProviderPay, funds will be deposited directly to your account within 48 hours. Twenty-four hour access to your account information is available on the Internet through a secure login at ProviderPay.com, including:
- Claims Reconciliation Report
- Open Claims Report
- Remittance Report
Payment Recovery and Reconciliation Services
Payment Recovery and Reconciliation Services provide the manpower and expertise required to contact payers, to recover underpayments and aged accounts receivable (A/R), and to reconcile all the third-party claims. This enhances your profitability and saves you valuable time.
*ProviderPay is a registered trademark of P5 E.Health Services, Inc.
