TDS, the leader in pharmacy management solutions, chooses Waystar for revenue cycle management to enable pharmacist billing of COVID-19 assessments and delivery of care
Transaction Data Systems (TDS), the leader in pharmacy management solutions for independent pharmacies, announced that it will work with Waystar, a leading provider of revenue cycle technology to provide claims processing for pharmacists delivering care thanks to new provider status.
As the nation faces both a provider shortage and a pandemic, retail pharmacists can provide patients immediate access to care. Due to their accessibility, Health and Human Services authorized licensed pharmacists to order and administer COVID-19 tests for the patients in their communities. Some analysts project that $200 billion will flow from traditional medical venues to alternative ones such as pharmacies and retail clinics.
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“Pharmacists are among those front-line healthcare providers adapting swiftly to changing healthcare needs,” states Matt Hawkins, Waystar CEO. “In collaboration with Transaction Data Systems, the market leader in pharmacy information systems, Waystar is enabling streamlined claims processing for pharmacists who are branching into care delivery. With TDS and Waystar’s comprehensive technology platform, pharmacists will be well equipped to handle the financial side of delivering care in the evolving healthcare landscape.”
Pharmacies are faced with new complexities of claims remittance and claims adjudication due to coronavirus. This partnership between Waystar and TDS provides an end-to-end, efficient process for community pharmacists needing to remit provider level service claims inclusive of those newly related to COVID-19.
“As the most innovative revenue cycle partner, Waystar was the clear choice to provide TDS pharmacists the best in-class revenue cycle technology for care delivery. As an industry thought leader, Waystar sees the care continuum changing with pharmacies becoming a larger player in the care delivery model going forward,” states TDS President, Kevin Lathrop. “We are providing our pharmacy clients, as essential caregivers, a unique capability to simplify billing complexities and expand their business model beyond that of only medication dispensing.”
Together, Waystar and TDS will provide the most robust pharmacy management solution with integrated revenue cycle management on the market today, allowing pharmacists to support the changing care model.
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