Pharmacy Billing and Inventory Management

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Across
  1. 4. Pharmacies may join a group purchasing organization (GPO) and contract directly with the manufacturer to obtain better pricing
  2. 5. The amount paid by a policyholder out of pocket before the insurance company pays a claim
  3. 6. Tight restriction of medication use to the medications included on the formulary list; medications that are not listed as preapproved drugs per the health plan provider or pharmacy benefits manager are not reimbursed except under extenuating circumstances and with proper documentation
  4. 9. The process used by Medicare and Medicaid for authorization of assistive technology devices costing more than $100; durable medical equipment (eg, wheelchairs and walkers) also require a TAR; similar to a preauthorization form
  5. 12. A type of insurance in which the policyholder pays a share of the payment made against a claim
  6. 13. A large distributor of medications and retail products that contracts with the pharmacy to deliver the bulk of their medications in exchange for lower prices; examples of prime vendors are McKesson, Cardinal Health, and AmerisourceBergen
  7. 16. The portion of the prescription bill that the patient is responsible for paying
  8. 17. An insurance plan that allows coverage for in-network only physicians and services and uses the primary care physician (or provider) as the “gatekeeper” for the patient's health care; patients often have copays to defray the costs of medical care and prescription drugs
  9. 20. A list of preapproved medications that are covered under a prescription plan or within an institution
  10. 24. Federal guidelines for the protection of a patient's personal health information
  11. 26. AKA brand, or proprietary drug name  The name a company assigns for marketing and identification purposes to a commercial drug product; most brand names are trademarked and belong to originator products; the named products are often protected for a time by patents
  12. 28. A formulary list that is essentially unrestricted in the types of drug choices offered or that can be prescribed and reimbursed under the health provider plan or pharmacy benefit plan
  13. 29. A government-managed insurance program composed of several coverage plans for health care services and supplies; it is funded by both federal and state entities, and individuals must meet specific requirements to be eligible; individuals must be 65 years or older, be younger than 65 with long-term disabilities, or suffer from end-stage renal disease
  14. 30. A document listing necessary patient personal and health information, including comprehensive information on the medications the patient is taking, disease states, and any food or drug allergies the person might have
  15. 32. Supplemental insurance provided through private insurance companies to help cover costs not reimbursed by the Medicare plan, such as coinsurance, copays, and deductibles
  16. 33. Insurance-required approval for a restricted, nonformulary, or noncovered medication before a prescription medication can be filled
  17. 34. A system that allows inventory to be tracked as it is used
Down
  1. 1. A government-managed insurance program that provides health care services to low-income children, the elderly, blind, and those with disabilities
  2. 2. An insurance plan in which patients choose a provider from a specified list, resulting in reduced costs for medical services
  3. 3. The average price at which a drug is sold; the data are compiled from information provided by manufacturers, distributors, and pharmacies; the AWP is often used in calculations related to medication reimbursement
  4. 7. A number assigned to any health care provider that is used for the purpose of standardizing health data transmissions
  5. 8. Government-required and government-enforced medical coverage for workers injured on the job, paid for by the employer; the programs are managed by each state in accordance with the state's workers' compensation laws
  6. 10. Information sheets supplied to the pharmacy from the manufacturer of chemical products; the SDS lists the hazards of the product and procedures to follow if a person is exposed to that product
  7. 11. Medical staff composed of physicians, pharmacists, pharmacy technicians, nurses, and dieticians who provide necessary information and advice to the institution or insurer on whether a drug should be added to a formulary
  8. 14. A system that orders a product just before it is used
  9. 15. The PAR of stock levels to a certain number of allowed units
  10. 18. Program of the Department of Veterans Affairs (CHAMPVA)  A program for veterans with permanent service-related disabilities and their dependents and for the spouses and children of veterans who died of service-connected disability; also known as the Veterans Health Administration (VHA)
  11. 19. The enactment of prescription drug coverage provided for individuals covered under Medicare
  12. 21. An ongoing review by a pharmacist of the prescribing, dispensing, and use of medications, based on predetermined criteria, to decide whether changes need to be made in a patient's drug therapy
  13. 22. Electronic insurance billing for medication payment
  14. 23. A 10-digit number given to all drugs for identification purposes; in health and drug databases, the NDC is represented as an 11-digit number, in which placeholder zeros are inserted in the proper order in the code for the purpose of standardizing data transmissions
  15. 25. A health benefit program for active duty and retired personnel in all seven uniformed services; it also covers dependents of military personnel who were killed while on active duty
  16. 27. Companies that stock a variety of drug manufacturers' medications and normally have a “just-in-time” turnaround for ordered drugs; this means that drugs ordered today arrive the next day
  17. 31. The amount of product a pharmacy has for sale