MILWAUKEE, May 8, 2012 — TRICAST, Inc. announced today that it is deploying a new suite of pharmacy program consulting services and software solutions developed specifically for pharmacy retailers.
Increased concern for contract transparency requires active participation if you want to sustain strong pharmacy management. TRICAST's tools enable you to maintain this hands-on approach to PBM-vendor adjudication issues, and incorporate the oversight into your global program management strategy.
"Decision-makers at retail pharmacy chains need to ask themselves three important questions," observes Rob Bigalke, Director of Business Development. "Do I have a solid understanding of the vast number of third-party contracts I already have in place? How do I track their performance? How do I use best-practice language to improve my contracts in the future?"
Because pharmacy compensation is a complex, moving target, TRICAST can provide:
- Financial Audits of PBM Arrangements;
- A report to identify claims sold below pharmacy's cost;
- A rejection report by PBM to monitor and avoid unnecessary transaction fees;
- Best practice language for future contracts and negotiation support;
- Unique, data-driven pharmacy program audit and diagnostic solutions;
- Guidance on market ranges;
- Comprehensive, actionable reports for forecasting and modeling.
TRICAST's sophisticated techniques provide clients with market-leading pharmacy program solutions. Our suite of software applications and comprehensive audit and consulting services can help you manage reimbursement amounts, improve overall efficiency and monitor costs.
TRICAST's audit tools deliver immediate feedback on pricing and contracts/payors in compliance. Our consulting can assist with defining the range of profit and loss levels, provide guidance on ranges, and can support a contracting strategy.
About TRICAST
Founded in 1997, TRICAST, Inc. is a leading next-generation health information entity built specific to pharmacy benefits. We provide risk analysis and applications that support analysis and risk modeling for the healthcare industry. Our suite of software applications, expert audit and consulting services assist health plans in managing and forecasting pharmacy costs. Visit www.tricast.com to learn more.
Media Contact:
Kristin Karakis
TRICAST, Inc.
414.302.9733 ext. 245
Email
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