MedAxis360 for Physicians

Pharmacy Billing Services

Specialized billing services for pharmacy services. Expert handling of prescription claims, prior authorizations, and pharmacy coding.

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Pharmacy Billing Services
98%
Clean Claims
Getting started with pharmacy billing

Getting Started

Specializing in pharmacy billing services, we provide comprehensive expertise in managing the diverse billing needs of pharmaceutical services - from prescription claims processing to prior authorizations and insurance coordination.

Our tailored billing solutions address the unique challenges faced by pharmacy services, optimizing reimbursement processes and strengthening financial performance across independent pharmacies, chain pharmacies, and specialty pharmacy providers.

As pharmacy services evolve with value-based programs and quality measures, our billing specialists ensure accurate prescription claims processing and documentation for both standard medications and specialty pharmaceuticals, including proper prior authorization management.

This allows your pharmacy to maintain focus on providing exceptional patient care while we secure your revenue stream through detailed billing management and regulatory compliance.

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Medical Billing At A Glance

Explore key figures that highlight our commitment to seamless coding and optimized reimbursement.

95%

First Pass Resolution Rate

Percentage of claims paid on the first submission.

21 Days

Average Days to Payment

Average number of days it takes for claims to be paid.

90%

Net Collection Rate

Percentage of total charges that are collected.

30 Days

Average Denial Resolution Time

Average number of days taken to fix and resolve a denied claim.

100%

Average Claims Submitted Per Month

Volume of claims submitted.

98%

Staff Productivity Rate

Claims processed per biller per day.

Pharmacy Billing Services

Maximizing claim efficiency and compliance for superior revenue management

Pharmacy billing services provide comprehensive revenue cycle management for pharmacies, from prescription claims processing to insurance coordination and patient billing. This specialized field requires expertise in handling pharmacy-specific coding, prior authorizations, and regulatory compliance.

Prescription Claims Processing: Efficient handling of prescription claims through various insurance networks and pharmacy benefit managers (PBMs).

Prior Authorization Management: Expert management of prior authorization requests to ensure timely medication approvals.

Mastering Every Code for Pharmacy Billing Specialty

Our expertise spans the full code range, ensuring precision and compliance in every claim we process.

Prescription Codes

J0120
Injection, abatacept
J0135
Injection, adalimumab
J0171
Injection, adalimumab-adbm

NDC Codes

NDC Format
5-4-2 format for National Drug Code
NDC Billing
Proper NDC code submission for pharmacy claims
NDC Validation
NDC code verification and validation

Prior Authorization

PA Required
Prior authorization required for specialty medications
PA Appeal
Prior authorization appeal process
PA Tracking
Prior authorization status tracking

Modifiers

-JW
Drug amount discarded/not administered
-JZ
Zero drug amount discarded/not administered

Download Your Pharmacy Billing Guideline Here

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Why Choose Us?

Analyze Practice & Benchmark: Data-driven analysis to compare and enhance your pharmacy's performance.

Practice Documentation SOP: Standardized operating procedures for seamless pharmacy documentation.

Measure Results Consistently: Continuous monitoring to deliver reliable and consistent results.

Ready To Optimize Your Pharmacy Billing Process?

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Real Physicians, Real Results

Discover how physician groups thrive with us

"For the last 4 years, MedAxis360 has been an integral part of growing our counseling and Intensive outpatient programs. My team and I appreciate MedAxis360's commitment to exceptional customer support, credentialing, and billing services."

Dr. Allen
Dr. Allen
Texas

"I want to thank you for your professional help during the past two years with our accounts receivable. I have absolutely nothing but appreciation for your company in helping us out with the jam we were in when our office manager suddenly quit."

Dr. Larry C. Watson
Dr. Larry C. Watson
MD | Houston, Texas

"I appreciate the quality work provided to handle different insurance companies we contracted with. I found your reports very helpful and would recommend any of our physicians for a more reliable billing service."

Dr. Faulds
Dr. Faulds
Alabama

Help Us Understand Your Requirements

Get in touch with us for more Information. We're ready to assist with your billing and coding needs.