Eric Rodriguez
Innovatix, LLC
(212) 554-7261
erodriguez@innovatix.com
FOR IMMEDIATE RELEASE
Innovatix Launches Scriptmax™, a New Pharmacy Prescription Claims Support Program and Data Analytics Tool
Web-based services will ensure claims data accuracy and maximize reimbursement for pharmacies
NEW YORK, NY, September 15, 2015 – Pharmacies have a new tool to ensure the accuracy of prescription claims and obtain maximum reimbursement on each claim with today’s launch of Scriptmax™, a Web-based prescription claim support program and data analytics service created by Innovatix, LLC. Available to longterm care, home infusion, mail order, retail, and specialty pharmacies, Scriptmax is a one-stop shop, offering a comprehensive suite of pre-edit, post-edit, and reconciliation services, all accessible through a single convenient online portal: www.scriptmax.com.
“The pharmacy business is changing at a rapid rate, driven by regulatory and compliance controls, drug distribution complexities, and increased data requirements from payers and manufacturers,” said John P. Sganga, Innovatix President and CEO. “In this environment, pharmacies can’t afford inaccurate prescription claims, which can result in additional fees and loss of revenue. With Scriptmax, Innovatix is providing the most complete claim support in the industry. By limiting errors in the prescription claims process, Scriptmax will help pharmacies receive maximum reimbursement on claims, leading to increased margins.”
Scriptmax supports pharmacies at all steps in the prescription claims adjudication process and helps manage various aspects of specialty pharmacy practice:
- Pre-edit review ensures the accuracy of all information prior to claims submission, including average wholesale price (AWP) updating, National Drug Code (NDC) verification, standard dispensing quantity, and Dispense as Written (DAW) code validation.
- Post-edit review enables corrections within the post-adjudication window through real-time claim validation, actionable reports to reduce future claims errors, acceleration of retrospective claims action, margin analyses, and contract rate verification.
- Reconciliation features ensure that pharmacies receive proper payment on each claim by matching third-party payments with adjudicated amounts, flagging unpaid or underpaid claims, and tracking reimbursement rate discrepancies and transaction fees.
Scriptmax integrates with any pharmacy software system and switch, and does not require complex system integration. Pharmacies can access claim information and reports at all times using the Scriptmax Web portal, www.scriptmax.com.
A fee-based service, Scriptmax is open to pharmacies, regardless of membership in Innovatix’s group purchasing organization. Scriptmax fees are based on the number of claims reviewed. Pharmacies may customize Scriptmax by choosing the specific functions they want to use.
Pharmacies interested in learning more about Scriptmax should visit www.scriptmax.com or stop by the Innovatix booth at upcoming industry events, including SoftWriters’ FrameworkLTC Users Conference, Mediware’s Elevate 2015, the 2015 NCPA Annual Convention, the 2015 NASP Annual Meeting & Expo, and the 2015 ASCP Annual Meeting.
About Innovatix, LLC
Innovatix is the nation’s leading non-acute care group purchasing organization (GPO). It serves more than 23,000 members comprising pharmacies (home infusion, long-term care, specialty, mail order, and retail), senior living facilities (assisted living, CCRC, independent living, and skilled nursing), and independent medical oncologists, as well as K–12 schools and businesses. Co-owned by GNYHA Ventures and Premier, Inc. (NASDAQ: PINC), Innovatix offers an industry-leading portfolio of products and services, with savings negotiated on $41 billion in purchasing volume. Membership is free and offers value-adds, such as federal advocacy, free continuing education, and clinical expertise. Learn more at www.innovatix.com.
