Pharmacy First, a national network of more than 2,300 independent pharmacies, announced the launch of a new Enterprise Reconciliation System designed for multi-store owners. Historically, pharmacy reconciliation services have focused on one store/one owner and cannot represent the pharmacy’s book of business as an aggregate or corporate view. Enterprise solves this problem by presenting top-line performance indicators and the overall financial picture in a management dashboard. The dashboard clearly and concisely shows current receivables, payments and performance across all locations while allowing drill-down to the store and even claim level when needed.
Performance and Simplicity
“Over the last several years, consolidation in the industry has created the scenario of one individual owning more than one pharmacy location, significantly complicating operations and the management of cashflow across the organization,” said Bob Dickey, CEO of Pharmacy First. “Building on our rock-solid reconciliation engine and recovery service, Enterprise raises the bar and closes this gap for multi-store owners and small chains.”
As pioneers in the industry, Pharmacy First has provided transaction-level reconciliation services to independent pharmacies since 2003 and is the most trusted vendor, reconciling almost $4 billion annually for our network pharmacies.
About Pharmacy First
Serving independent pharmacies in the U.S. and Puerto Rico, Pharmacy First provides services and support to keep its members competitive in an ever-evolving and competitive market. Pharmacy First eases the administrative overhead of independent pharmacy operations by assisting with credentialing, third-party contract management, reconciliation and funds recovery, quality assurance, medication adherence services and more. For more information, visit pharmacyfirst.com.