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Pharmacy bill format for Engineering

long-term care or LTC is any service that includes medical and non-medical care provided to those who are unable to perform basic activities there are a wide variety of support services that fall under the LTC category which includes pharmaceutical Services different from retail pharmacies LTC pharmacies face a very specific set of billing challenges and intricacies that can affect the efficiency of their operation let's go over the best ways to prevent those otherwise avoidable errors number one invest in LTC pharmacy software there's management software specifically designed to resolve the billing complexities of the LTC Pharmacy space investing in the proper pharmacy software will help better streamline your workflow and avoid wasted time and money utilizing Retail Pharmacy management software as an LTC Pharmacy can leave you reaping less than desirable results the wrong management software in this case might be IL equipped to handle specific scenarios that appear in LTC situations examples of these specific scenarios could be changes to billing preferences and payer statuses also retail pharmacies typically fill and Bill for prescriptions as they're dispensed LTC phies need software that allows them to fill at different times than the bill being able to prepare billing Cycles in advance and to separate the billing and filling functions are software features all LTC Pharmacy should look for the software solution should also be able to support a multitude of billing models mod used in LTC such as Medicare part A Medicare Part B Medicare Part D hospice billing perdum billing split billing short cycle billing and pre or postc consumption billing number two correct billing setup structure similar to making sure you utilize the correct billing software ensure your billing structure is set up to support your LTC Pharmacy needs your staff will thank you having your billing workflow and Technology set up correctly will reduce unnecessary human errors avoid potential data entry pitfalls and improve your billing accuracy as a whole for LTC designed billing solutions customization is available to ensure a patient payer status is appropriate for a certain period of time this is helpful because most patients who seek care from an LTC facility are likely to be using multiple billing models during their stay depending on their coverage and treatment needs a patient might have plans including Medicare part A Part B Part D Commercial Insurance hospice or private pay it is important to be able to set up your patient billing structure in terms of how those plans can trickle down from one to another this way your data entry technician doesn't need to waste time fixing the structure but instead just needs to focus on correctly entering the data during data entry your system should look at type of medication the dates a patient is in the facility payment plan to bypass plans when they're not needed an example might be a plan for over-the-counter medications that aren't covered number three Implement software training arguably the most effective way to avoid errors and complexities comes from training this is true for most workplace systems long-term care pharmacies must complete training through their respective pharmacy software vendor this is in order to effectively deter billing complexities unique to LTC having a well-trained customer service and or support team will help maximize your organization's workflow when setting up this training process we recommend that you complete an in-depth review of your existing workflows and infrastructure and rework existing data into your comprehensive training ing to the administration for Community Living projections show that the 85 and older population will more than double in the coming years from 6.6 million in 2019 to 14.4 million in 2040 as an LTC Pharmacy organization you are an essential provider for this growing population therefore you cannot afford consistent errors if you'd like to learn more about avoiding Long-Term Care Pharmacy billing errors reach out to e tactics and you already made it this far into the video so you might as well like it share it and comment below