Healthcare Solutions
In today's world of shrinking margins and tight clash flow, it is mandatory for pharmacies to have a firm grasp of the claim-to-cash revenue cycle. Forced to do more with less, it is very difficult for pharmacies to stay profitable.
NetDeposit's Healthcare Solutions Group provides technology, tools, and services that enable pharmacies to manage and improve their revenue cycle. ProviderPay solutions free you from the tedious tasks associated with managing claim payments, allowing you to focus on growing your core business and improving the quality of the customer experience.
ProviderPay is a Web-based service that positively transforms the way pharmacies manage their claim and payment data. ProviderPay automates and accelerates many of the tasks required to manage the financial side of the pharmacy, such as reconciling claims to remittances, connecting to and managing electronic payers, and compiling key information for pharmacy action.
The Right Solution For You
ProviderPay delivers comprehensive payment acceptance and reconciliation tools that meet the unique needs of your pharmacy. With ProviderPay’s secure processing solutions, you can accelerate and manage receivables, reduce risk, and save time and money.
ProviderPay Complete
A full reconciliation product that captures and reconciles claims to all remittance and payment types, including EOB and ERA, check and EFT.
ProviderPay Complete is best suited for Independent, Chain, and Closed Door pharmacies who wish to have a comprehensive reconciliation service.
ProviderPay ERA
An economical alternative for Independent Pharmacies covering payment and reconciliation services for the majority of your payers who have the ability to process electronic remittance and payments
ProviderPay Remit
An innovative online service that provides Chain and Closed Door Pharmacies with a consolidated receiving point for all of their ERAs. ProviderPay Remit takes the difficulty out of setting up, receiving, reconciling, storing, and reporting on electronic payments and remittance advices.
Benefits
With the ProviderPay service, you will be able to:
Manage Your Revenue Cycle & Payments
- Assure that third-party payments due to the pharmacy are received and write-offs are minimized
- Gain Visibility into receivables and the revenue cycle
- Isolate payment or payer problems so they can be addressed quickly
- Reduce payment cycle time by replacing paper checks with electronic payments
- Spend more time on customer care and less time determining whether you have been paid
- Streamline your operational process through electronic remittances
- Find issues quickly with easy-to-use Web and email payment reports
- Automatically match payments to remittances and claims
- Eliminate paper from your pharmacy and the cost associated with paper storage and destruction
- Allow NetDeposit to work with payers on your behalf to track down unpaid claims
- Reduce your exposure to PHI violations
- Have ready, detailed claim and payment information for audits and compliance reviews
- Augment financial records to accurately report financials to management and shareholders
