Pharmacy First, a leading Pharmacy Services Administrative Organization (PSAO) supporting a network of independent pharmacies, has partnered with Medversant Technologies, LLC to collaboratively bring together a robust credentialing, compliance and monitoring program for Pharmacy First members.
Medversant’s management platform is a comprehensive verification solution for CFR 455. It automatically monitors OIG status, DEA certifications, malpractice monitoring, state and federal monitoring as well as primary source verifications of staff. Medversant will integrate with NCPDP’s resQ™ pharmacy credentialing resource.
resQ™ pharmacy credentialing resource is a product of NCPDP, the problem-solving forum for healthcare and ANSI-accredited standards development organizations. resQ™ offers secure, complete, and up-to-date self-reported pharmacy data and credentials maintained in the pharmacy’s NCPDP Profile. resQ™ captures licensures, PIC and required CMS 42 CFR 455 regulatory information and credentialing data, including ownership details, insurance, sanctions and disciplinary information, as well as service-level data and supporting documentation requested by PBMs.
“With various industry demands for maintaining credentialing, our pharmacies are required to complete multiple credentialing platforms, creating redundant islands of information,” said Amanda Schaeuble, Vice President of Managed Care Operations for Pharmacy First. “There was a need to create uniformity for our pharmacies and PBM partners. This robust platform will capture the variety of requests for information, while saving our pharmacies time. We are taking our credentialing to another level.
NCPDP and Medversant together will fulfill our organization’s credentialing, accreditation and compliance requirements while maintaining the highest level of quality and accuracy.”
About Pharmacy First
Serving over 2,300 independent pharmacies in the U.S. and Puerto Rico, Pharmacy First provides services and support to keep its members competitive in an evolving market. Pharmacy First eases the administrative overhead of independent pharmacy operations by assisting with credentialing, third-party contract management and reconciliation, quality assurance, medication adherence services and more. For more information, visit pharmacyfirst.com.
Medversant Technologies is a global leader in healthcare technology, providing administrative solutions for the management of provider and pharmacy data for government, payors, healthcare facilities, pharmacies, providers and organizations that support them. Through its advanced solutions, Medversant makes numerous administrative processes more efficient for the benefit of all constituents in the healthcare continuum. Please visit medversant.com for more information.