PCMA Reaffirms PBMs Paying Clean Claims Within 30 Days
WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- Reaffirming that its member companies are paying clean Medicare Part D claims to pharmacies within 30 days, the Pharmaceutical Care Management Association (PCMA) today questioned whether independent drugstore bargaining organizations known as PSAOs could be a factor in late payments to pharmacies.
More than half of America's independent pharmacies hire Pharmacy Service Administration Organizations (PSAOs) to centralize and streamline the following kinds of functions:
-- Collectively bargain with pharmacy benefit mangers (PBMs) to get
-- Acquire rebates from drug companies; and
-- Process claims/billing information on behalf of independent
-- In these cases, while the pharmacy sends claims directly to the
PBM, it requires the PBM to send reimbursements to the PSAO.
-- After the PSAO receives the reimbursement from the PBM, it then
pays the pharmacy.
-- This middle step, which occurs at the request of the pharmacy,
could be causing any delays that might be occurring.
"One factor that may be overlooked by the independent drugstore lobby is that their own bargaining groups--PSAOs--could be slowing down payments," said PCMA President & CEO Mark Merritt. "When a PSAO is involved," Merritt added, "there is no guarantee that claims paid promptly by PBMs aren't getting held up by PSAOs. Since so many independent pharmacies use PSAOs, we'd hope that any study of payment practices thoroughly examines their role."
While generating deeper-than-expected discounts for beneficiaries on
their necessary prescription medicines, PCMA member companies are also
paying all clean claims within 30 days. The 30-day pharmacy claims
timeframe is a standard consistent with physician and hospital claims in
|SOURCE Pharmaceutical Care Management Association|
Copyright©2007 PR Newswire.
All rights reserved