Abstract
Optimizing Third-party Reimbursement for Compounded Medications
Author(s): McElhiney Linda F
Issue: May/Jun 2013 - Volume 17, Number 3
Page(s): 201-204
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Abstract
Recently, third-party payers have been closely scrutinizing compounded medications that are dispensed in hospital-based outpatient pharmacies. Insurance claims are being rejected for reasons that defy logic. Working with third-party payers and receiving reimbursement for compounded medications can be frustrating and complicated; however, simple measures can be taken to optimize reimbursement for the medications. This article discusses some of these simple measures.
Related Keywords
- hospital pharmacy compounding
- third-party reimbursement
- health insurance claims
- National Drug Code number
- NDC number
- flavoring agents
- purified water
- bulk chemicals
- manufacturers
- formulation modification
- formulation standardization
- drug costs
Related Categories
- BUSINESS
- EXCIPIENTS
- DOSAGE FORMS/DRUG CARRIERS
- HOSPITAL PHARMACY