Announcing DetectRX – a new healthcare technology
September 16, 2022
Helping to Maximize Reimbursement and Improve Productivity
Pharmacy claims adjudication is complex, and reimbursement is constantly changing. Veridikal’s pre and post edit (PPE) solution, DetectRx™, is the best-in-class and helps maximize reimbursement, improve productivity, shorten collections windows, reduce resubmissions, increase profits, and provides audit safeguards. Unlike legacy Pre and Post Edits (PPE) systems that have 5-10 basic rules, Veridikal’s next generational platform has hundreds of advanced business rules and edits that can be customized to meet the needs of each customer.
What is DetectRx?
DetectRx™ leverages complex event processing technology via our sophisticated business analytic platform that is paired with an integrated dashboard. DetectRx™ has changed the way that both individual pharmacy locations and corporate chains use their data to drive margin improvement, mitigate audit risk and provide actionable business insights. Our live analytical technology captures 100% of claims and fields during the adjudication process so they can be evaluated to identify errors and opportunities for improvement.
Benefits of DetectRx
With DetectRx™, Veridikal has improved upon the way pharmacies and corporate chains use data to improve upon margins, mitigate risk and help provide actionable business insights.
Advanced Rule Set and Seamless Integration
We offer the industry’s most advanced business analytics / PPE rule set with over 400 rules and customizations available to meet specific needs.
Enhance Productivity
Our DetectRx™ solution integrates at the point of sale, optimizes workflow, resulting in enhanced productivity and faster collections.
Automatically Update Incorrect Claim Elements
DetectRx™ automatically updates incorrect claim elements and submits AWP re-bills, reducing submission and resubmission errors and ensuring maximum reimbursement.
Add-Ons To Help Pharmacy Efficiency
Take advantage of value add on products such as eVoucherRx™ which reduces patient co-pays and allows pharmacies to earn passive income with administrative fees.
Meaningful Data Insights Delivered Via Automated Reporting
Our reporting suite provides fully customizable data in easy to digest formats that details the impact from a single edit at a single facility to all edits at all locations.
Drive Compliance and Reduce Revenue Recapture
DetectRx™ audit protection program identifies specific areas of exposure to drive compliance and reduce potential revenue recapture from payers.
Producing Workflow Reports
Enhanced workflow reports such as transitional fill, DAW missed opportunities, and override summaries allow for increased efficiency and staff accountability.
Dedicated Support To Optimize Results
Veridikal’s business analytics and support team actively reviews pharmacy claim submissions and response adjudication data to identify additional areas of opportunity or emerging trends.
Monthly Return on Investment Reporting
Veridikal provides clients with substantial value, both by increasing revenue and margins, and by protecting those hard-earned dollars from PBM audits.
Identifies Issues and Remedies Them
DetectRx™ uses its data analytics and reporting capability to work with, and on behalf of, pharmacies to identify newly occurring reimbursement and workflow issues and remedy them through new edits/rules and/or reports.
Pharmacy Data Solutions.
Data Made Meaningful.
Ready to get started? Contact us today and one of our team specialists will setup a demo of our solutions.