Prescription drug average wholesale prices (AWP) fluctuate regularly, leaving pharmacies responsible for tracking updates in real time. Missing a change can result in lower reimbursements and tighter margins, requiring staff to divert time and resources from essential tasks at a time when pharmacies are already facing labor shortages.
Our services can help your pharmacy recover lost dollars on third-party transactions where the AWP has increased on claims paid with outdated information. After the payer updates pricing data, we send out a report outlining opportunities to recover lost dollars by reviewing, reversing and resubmitting the claim in question.
Connect with our team to see how CoverMyMeds can help deliver comprehensive solutions to improve patient access, affordability and adherence.