Reconciliation & Retail Business Services for Independent Pharmacies

Our goal at Transaction Data Systems is to assist independent pharmacy owners in achieving the highest level of business success. We help you gain efficiency in crucial aspects of your business while implementing and maintaining programs that enhance revenue.

Reconciliation for Independent Pharmacies

ReconRx is a state-of-the-art reconciliation program that is specifically designed for independent pharmacies. We provide reconciliation services to pharmacies across the United States that utilize a wide variety of software vendors and PSAOs. We reconcile at the claim level and do not write off anything. Your personal ReconRx Account Manager will be committed to chasing and recovering your pharmacy’s missing money and will keep you informed every step of the way.

Our complimentary reports will provide transparency into DIR fees, transaction fees, and other adjustments implemented by the third-party payers, so you can see where your money is going. Furthermore, readily available are end-of-month and end-of-year reports that will provide you with your total AR and total amount reconciled. If your pharmacy utilizes a PSAO, your reports will also be provided at the individual third-party payer level.

Pharmacist writing prescription to patient in community pharmacy

Our user-friendly website includes strategically designed tools that will allow you to search for specific details within the ReconRx system. The 835 Download tool will allow you to download your 835 files from ReconRx into your software system at no additional cost. All our features are included in our competitive flat monthly fee. This includes an aggregate account view for pharmacy owners who process claims under more than one NCDPD.

At ReconRx, we understand the value of direct communication regarding your pharmacy’s missing money and reconciliation. If you ever have questions, send a message to your ReconRx Account Manager on the ReconRx website, and they will get back to you within 24 business hours. You may also feel free to call your ReconRx Account Manager directly as we answer our phones live. In ReconRx, we reconcile down to the penny with no money left behind! Let us bring you peace of mind.

With ReconRx, pharmacists receive:

Flat monthly fee
Personal Account Manager
Payment tracking and recovery
Payment Posting on the pharmacy’s behalf
Aggregate account option
Reports & Tools

Enroll in ReconRx

Frequently Asked Questions About ReconRx

: Aging Reports, Reconciled Claim Summaries and Reconciled Detailed Remittances.
: Yes. We offer a program called Single Pay. For more information, please review our Additional Services.
: No. All payments continue to go to your pharmacy. We electronically reconcile your paid claims once payment has been confirmed received by your pharmacy.
: Yes. Your pharmacy is assigned a username and password at the time of enrollment. You can use this secure login to access all online reporting.
: Your ReconRx Account Manager will notate all inquiries to third-party payers regarding outstanding claims and payment research. This information is displayed for your view in the member’s section of our website.
: You will not need to install any software to utilize our reconciliation program. We will reach out to your pharmacy’s software vendor or switch company to obtain your pharmacy’s claims data.
: No. All outstanding claims are tracked until the entire payment is received.
: We provide a toll-free fax number at the time of enrollment. Fax us copies of checks and EFT payments received by your pharmacy, and we will mark these payments received on your behalf at no additional charge.
: No. We do not charge any additional fees for this service.

Retail Business Solutions (RBS) for Community Pharmacies

RBS is a comprehensive business solution supporting independent pharmacies in weighted areas of retail pharmacy. We can assist your business from the top down, including everything from financial and interactive reporting with 340B support to pharmacy credentialing and compliance.

Our Retail Business Solutions include:

Third-party payer contract and audit assistance
Reconciliation
Cash prescription pricing program
Special programs such as a co-pay voucher program, vaccination program, med sync assistance, etc
Ancillary services such as Amplicare, Blood Pressure Kiosk, etc

Enroll in RBS

Interested in learning why TDS is the leader in pharmacy solutions?

Our team is dedicated to the community pharmacy industry. Let us show you the difference a true partner can make.

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