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.
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
Frequently Asked Questions About ReconRx
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
- 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