Pharmacies can no longer afford to rely on arduous processes to reconcile billing reports to ancillary hospital departments. Accurate and timely billing is critical to the financial success of the hospital pharmacy department. Unfortunately, many hospitals and their departments continue to operate as individual silos with separate systems that house various types of data. In order for the hospital pharmacy to bill ancillary departments, managers resort to manual processes to extract and combine medication inventory, drug utilization, and pricing data. Hospitals may even have to courier invoices to accounting before they could be appropriately issued payments – another time-consuming and costly process. The cumbersome nature of these labor-intensive methods also introduces clerical errors that can prolong the billing process and slow down the organization.
A simple, automated solution is available to ensure that the hospital pharmacy is accurately charging medications to departments for timely reimbursement. Viewics offers a customizable billing report that can be automated to send to various departments, similar to the view shown below.
The billing report culls data from pharmacy systems to accurately track the amount of medications delivered and utilized by each department. This information is then mapped to the specific unit pricing based upon the NDC number, so that departments will always have an up-to-date record of medication transactions without any uncertainty. Utilizing an online email portal, pharmacies can be assured that timely and accurate billing reports will be automatically sent to departments for reimbursement. Every dollar reimbursed and every hour saved matters. The VHIP solution can be utilized to simplify the billing process in hospital pharmacies.