-- LTC RFP, a consulting firm that helps long-term care facilities select pharmacy partners, has launched a new service focused on pharmacy billing cost management. The service addresses growing financial pressures facing skilled nursing and assisted living facilities as they manage medication expenses for their residents.
Interested parties can visit https://ltcrfp.com/ to learn more.
The service comes as long-term care facilities deal with rising medication costs in an $18 billion pharmacy market. Industry data shows that dispensing costs for nursing home residents run 25% higher than standard retail pharmacy operations due to specialized packaging and regulatory requirements.
The new pharmacy billing service examines current contracts, identifies billing errors, and finds cost reduction opportunities for long-term care communities. LTC RFP will review monthly pharmacy statements, rebate programs, and payment structures to help facilities reduce their medication expenses.
"Long-term care facilities face significant challenges with pharmacy costs," said a spokesperson for LTC RFP. "Our new service helps administrators understand their billing statements and find savings opportunities. We guide facilities through the complex world of pharmacy contracts without any sales pressure."
Many facilities struggle with pharmacy billing complexity as they work with multiple insurance plans and payment systems. Medicaid reimbursement covers only 60% to 80% of actual care costs, putting additional pressure on facility budgets.
LTC RFP's pharmacy billing service includes contract analysis, billing statement reviews, and rebate optimization. The company works with facilities to identify overcharges and missed credits that may appear in monthly statements.
The service follows LTC RFP's established approach of providing step-by-step guidance to long-term care facilities. The company offers free initial assessments and creates custom solutions based on each facility's specific needs.
"We help facilities focus on resident care while we handle the details of pharmacy cost management," the spokesperson added. "Our goal is to make pharmacy billing more transparent and help facilities get better value from their pharmacy relationships."
LTC RFP provides consulting services to help long-term care, assisted living, and personal care facilities optimize their pharmacy partnerships. The company guides facilities through the pharmacy selection process, from initial assessments through contract negotiations and provider transitions. LTC RFP serves communities across the United States with a focus on improving pricing, compliance, and resident care outcomes.
For more information, visit https://ltcrfp.com/how-it-works
Contact Info:
Name: Jamie Williams
Email: Send Email
Organization: LTCRFP
Address: 117 Rano Blvd Suite 58, Vestal, NY 13850, United States
Website: https://ltcrfp.com
Release ID: 89163056