Tranquilmoney Releases PharmTracker for Independent Pharmacies, Small and Medium Pharmacy Chains
PharmTrackerTM - self-service web or outsourced service. Will help a Pharmacy collect up to 99.9% from insurance, more than industry standard of about 92.5%.
Claims are relatively small -$40 from the insurance plans. We developed a system that combined AI, large data warehouses, and domain experts, that allow us to match every payment to claim.”
SOUTH ORANGE, NEW JERSEY, UNITED STATES, January 6, 2021 /EINPresswire.com/ -- Tranquilmoney, Inc., a company that managed pharmacy third-party claim reconciliation for Costco Pharmacy for over 20 years, has released a web-based version of its software. Any pharmacy can now sign up to PharmTrackerTM and start using the system to process their claims.— Dr. Karun Philip
Tranquilmoney has managed over $1 billion a year in pharmacy receivables reconciliation with 100% reconciliation and 99.9% collections. Industry standards of collection are about 92.5%.
Dr. Karun Philip, Chairman & CEO, says "Pharmacy claims are relatively small with an average of $40 from the insurance plans. Over 20 years, we developed a system that combined Artificial Intelligence, large data warehouses, and domain experts, that in combination allow us to match every payment to its corresponding claim. This way, all non-payments are identified, and an underpayment of even one cent is detected and can be rebilled."
PharmTrackerTM can be used as a self-service software on the web or as an outsourced service. Using Tranquilmoney's system will help a Pharmacy collect as much as 99.9% from insurance, more than the industry standard of about 92.5%.
Tranquilmoney fees start at 45 cents per claim for a minimum of 3000 claims per month going down to 2 cents a claim for larger volumes. Please contact Thomas Hayden for complete price list and discounts.
Pharmacies can sign up here and start using the system.
Press Contact
Thomas Hayden, VP - Global Sales
973-275-7275
Thomas.Hayden@tranquilmoney.com
Thomas Hayden
Tranquilmoney
+1 973-275-7275
email us here
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