Empowering Pharmacy Profits Strategies for Maximizing Gains Amidst Delayed Insurance Payouts.
For pharmacies, dispensing medications is only half the battle. The other half involves navigating the complex world of insurance claims and reimbursements, a process often plagued by delays that can wreak havoc on a pharmacy’s finances. In the fast-paced world of healthcare, where every penny counts, these delays translate to a stark reality: time is money, and pharmacies are losing big.
The Alarming Reality of Delayed Reimbursements
Imagine waiting 30, 60, or even 90 days to get paid for the medications you’ve dispensed. That’s the agonizing reality faced by many pharmacies across the US. According to the National Community Pharmacists Association (NCPA), pharmacies typically wait an average of 30 to 60 days for reimbursement on claims, with some delays stretching even longer. Read more >