Oneiro Management Group is committed to helping long-term care (LTC) and retail pharmacies manage their finances effectively. One of our primary services involves comprehensive billing solutions. We aim to ensure the accurate and efficient processing of claims. This not only reduces errors that can lead to delayed payments or disputes but also streamlines your billing operations, making it easier for your staff to manage.
Billing is a complex process that requires careful attention to detail. Our expertise can help you navigate this process more efficiently, leading to quicker payments and improved cash flow. This is crucial for any pharmacy, as consistent cash flow ensures you can maintain inventory, pay staff, and cover other operational costs without interruption.
In addition to billing, we also provide services for managing accounts receivable collections. We ensure that payments from all sources — whether private payers, insurance companies, or government healthcare programs — are received promptly. This helps to reduce outstanding debts and maintain the financial health of your pharmacy.
Please don’t hesitate to contact us if you have any concerns or inquiries about our services.
Frequently Asked Questions
What does pharmacy billing usually include?
Why do I keep having issues with insurance claim delays?
Claim delays often happen due to coding errors, missing information, or mismatched records. Our team helps identify and prevent these issues before they affect payments.
What is accounts receivable in a pharmacy?
Accounts receivable refers to payments a pharmacy is still waiting to receive, usually from insurance companies, government programs, or patients. We help track these balances and follow up to improve cash flow.
Can someone else handle billing for my pharmacy?
Yes, billing services can be handled by external teams that specialize in pharmacy claims. We assist pharmacies by managing their billing processes so staff can focus on clinical responsibilities.
How do I know if my pharmacy is losing money through billing errors?
If payments are slow or inconsistent, or if write-offs are increasing, there may be billing errors. We conduct audits to identify missed payments or common issues that affect revenue.
Will I lose control of my finances by outsourcing billing?
No, you stay informed and involved. Our billing support helps organize and process financial data while keeping you updated with accurate reports and payment records.