Welcome to the OmniSYS blog – your source for pharmacy industry news, trends and updates from a team of pharmacy experts! If you have any topic suggestions, let us know at firstname.lastname@example.org.
OmniSYS has been working directly with CMS, the CDC and the FDA to provide guidance on how to implement a clear pathway for pharmacies to enroll and bill for COVID-19 virus testing. Formal guidance was released today, and we are pleased to share that it provides a simple path for the billing of COVID-19 tests through Medicare.
Now more than ever, pharmacies need to think about virtualizing their storefronts and effectively communicating with patients. Today’s healthcare consumer, particularly during this extraordinary time, is increasingly turning to virtual communication as their preferred method of interaction. So, what is the best way for pharmacies to connect with their customers and what investments do pharmacies need to make in order to thrive in this increasingly digital age?
From everyone here at OmniSYS, we are truly grateful for everything you are doing to serve and support your community during this challenging time. We have a number of updates available in OmniSYS solutions designed to help support your pharmacy as you navigate COVID-19.
Because you assume the role of provider in clinical encounters, reimbursement looks very different than it does for your standard pharmacy transitions. Here are three key challenges when it comes to capturing clinical services revenue, and recommendations on how you can overcome these challenges.
The pharmacy industry is moving towards providing enhanced clinical services, and now is the time to act. Start laying the groundwork to deliver these services in your pharmacy in order to realize a meaningful impact on your patients and the financial health of your pharmacy.
For retail pharmacies, pricing often represents a missed opportunity. As the saying goes, ‘no money no mission’. Each year pharmacies lose thousands, even tens of thousands of dollars, due to non-competitive cash pricing, third party underpayments and eroding margins due to changes in inventory acquisition costs.
The pharmacy landscape is rapidly changing to include service-based approaches that are proving to be a major factor in healthcare reform. Pharmacists face a unique opportunity to embrace the role of a ‘primary-care pharmacist’ while maintaining their role as the purveyors of medicine.
Over the past four years, CMS has been transitioning from HICN to a new member number called the Medicare Beneficiary Identifier (MBI). Starting on January 1, all claims submitted to Medicare will require a MBI for claim reimbursement, even if the date of service is prior to January 1. Claims sent without a MBI will be rejected.
We begin a pilot program in Augusta, GA with a local pharmacy and a local food bank with goal of making a positive impact on food insecurity in the region. Through this collaboration, the program addressed both physiological and safety needs. By alleviating food insecurities for patients, we can help to improve their overall health and prevent patients from having to choose between buying their food or buying their medication.