The retail cash card program that makes sense!
Regain control of your retail pricing
- Protect eroding retail pharmacy margins that are a direct effect of managed care, national discount cards and competitive pricing.
- Create value for your regular patients by offering a cash card program.
- Create a low maintenance vehicle for establishing and maintaining competitive pricing by administering your own internal discount card program.
With Pharmacy First Retail Cash Card Program, you can build your own reimbursement formula.
The Pharmacy First Retail Cash Card program gives your pharmacy the ability to submit cash claims online, giving you complete control over the discounts passed on to your patients. No more guessing as to how low cash card programs will discount your retail prices. Simply present this program to patients requesting a cash discount card and take back control of your pharmacy operations.
Our retail cash card program can help you reverse the gross margin erosion caused by third parties and competitive pricing. If your cash customers have been asking for a cash discount program, why not give them one with added value?
This program provides an option for your cash customers who may be enrolling in national discount card programs. These national discount programs usually invoice your pharmacy an average of $1.00 to $3.00 per transaction. In addition, these national discount programs also charge members up to $30.00 a month, Pharmacy First offers this program to your patients at no charge. Therefore, if you decide to charge your patients a nominal fee for this program, 100% of the proceeds go to your pharmacy.
There is no enrollment fee. All administrative fees are withheld from rebates. The only direct expense you will incur will be for each claim submitted to our claims processor. Your pharmacy software company usually charges you a switching fee ranging from .04 to .08 per transaction.