July 14, 2017
Good Neighbor Pharmacy Launches Estimator Tool to Assist Pharmacists In Managing The Impact of DIR Fees
VALLEY FORGE, Pa. – Good Neighbor Pharmacy, a national independent pharmacy network offered through AmerisourceBergen, has launched a DIR Fee Estimator tool to help independent community pharmacists manage the impact of direct and indirect remuneration (DIR) fees and the hidden cash flow issues associated with them. The tool is available to members of AmerisourceBergen’s pharmacy services administrative organization (PSAO), Elevate Provider Network, who take advantage of its Advanced Features.
Good Neighbor Pharmacy’s DIR Fee Estimator tool uses the claim detail in combination with the DIR rates from signed contracts between Elevate Provider Network and PBMs. Since DIR fees vary based on Star Rating measures and other performance criteria, the tool generates high and low estimates of DIR fees, as well as a midpoint, or most likely, estimate for the DIR fee. The tool uses real-time, claim-level data and is updated every two hours to ensure the most accurate information is available to help pharmacists better anticipate their monthly fees and plan accordingly.
“For more than 30 years, we have found our greatest successes when we listen to our pharmacists and develop solutions that address the most complicated challenges they face every day,” said Chuck Reed, Group Vice President, Pharmacy Innovation and Solutions at AmerisourceBergen. “Inconsistency and opacity in how DIR fees are calculated and the delayed timing of DIR fees is a major pain point for pharmacists. Our DIR Fee Estimator tool was created to empower them to plan ahead, give them visibility into the process and ultimately set them up for a more successful business.”
AmerisourceBergen provides customized solutions to fit customer needs and address the unique challenges faced by independent pharmacists through its Good Neighbor Pharmacy program and PSAO, Elevate Provider Network. This new solution is part of the company’s multi-faceted approach to managing the impact that DIR fees have on independent pharmacies. AmerisourceBergen works diligently via its PSAO, Elevate Provider Network, to minimize the impact of DIR fees through their approach to managed care contracting–selectively participating in preferred cost-share networks, while continuing to advocate on behalf of all independent and long-term care pharmacies on critical legislative issues that affect daily operations. For more information, please visit OurIndependentVoice.com.
About AmerisourceBergen
AmerisourceBergen provides pharmaceutical products, value-driving services and business solutions that improve access to care. Tens of thousands of healthcare providers, veterinary practices and livestock producers trust us as their partner in the pharmaceutical supply chain. Global pharmaceutical manufacturers depend on us for services that drive commercial success for their products. Powered by our 19,000 associates, we are united in our responsibility to create healthier futures. AmerisourceBergen is ranked #11 on the Fortune 500, with more than $146 billion in annual revenue. The company is headquartered in Valley Forge, Pa. and has a presence in 50+ countries. Learn more at amerisourcebergen.com.