PharmTracker is a web based solution for Pharmacy Receivables Reconciliationdeveloped by Tranquilmoney to address various aspects of a process including
It gives Pharmacy clients the flexibility to see data and reports online. The back office is provided the necessary functionality and workflow to perform the reconciliation and receivables follow up process. Besides PharmTracker, TeleScan is used to scan paper batches. These images are imported into ImageCADE and data is captured from images using key, verify and correct.
Claims can be imported from electronic files or from ImageCADE after data capture.
PharmTracker has a data warehouse implemented using MS Analytical Services.
This module matches checks with RAs.
Pharmacy clients can search on Checks, Payments, Claims, or Files. The fields on which the search can be done as well as the columns to display in the search results are configurable.
Claims and payments are matched on 4 key fields
The software assists the research team in manual matching based on configurable rules.
PharmTracker stores all source files - EDI 835, images and claim - in a folder structure ordered on payer and date. These files are available for download for the user
PharmTracker™ has standard reporting features that display professional reports that can be printed, saved as PDF, Excel etc. There are summary reports with drill down facility on a summary number to several levels. There are options to do a dynamic sort on any of the fields at the first level. Some of the reports generated are Aging Report, Aging analysis, Aging by month, Unapplied payments, Complete payments, Partial payments, Over payments, RAs without checks, Checks without RAs, Batch status.
matching claims with payments, applying reversals of claims and payments, processing of fees and adjustments based on payer specific rules, matching checks with RAs, research and follow up on mismatches.
Output for the client includes a list of all records that are new or modified, in the format specified by them.
Pharmacy Receivables Services use multiple proprietary software products for different needs: