PHARMACY BENEFIT MANAGEMENT
Independent Pharmacies are overwhelmed by PBM paper.
Independent Pharmacy payments are costly for both the PBM and the pharmacy. Some Independents report getting thousands of paper checks each month with MANY THOUSANDS of pages of invoicing. This is a receivables problem for the Independent and the PBM has huge print and mail cost.
IOSOFT solves both sides of this problem with ERA's and Virtual Check payments delivered through the Payee Portal to the pharmacy.
ERA in pdf format
EDI 835 format
Remittance Data files customized for the pharmacy for importing receivables
Eliminates ALL print and mail for the Payer