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Pro Pharma announced Suite of Management Tools - Pro Pharma announces the release of “PPSMT” (Pro Pharma Suite of Management Tools) for Managers of Health Plans, Public and Private Entities and Unions/Trusts who are particularly interested in financial and clinical support
Pro Pharma announced Suite of Management Tools

 

PRZOOM - /newswire/ - Northridge, CA, United States, 2012/03/15 - Pro Pharma announces the release of “PPSMT” (Pro Pharma Suite of Management Tools) for Managers of Health Plans, Public and Private Entities and Unions/Trusts who are particularly interested in financial and clinical support.

   
 
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Pro Pharma Pharmaceutical Consultants, Inc. (Pro Pharma) specializes in Pharmacy/Medical Benefits and Organizational Strategy for Health Care Systems, and has developed a Suite of Management Tools to that provide “back office” functions to assist busy Managers of the Pharmacy/Medical Benefit, without the need for hiring additional staff.

“These programs work to help them address increasing costs, more complications and fragmented and busy schedules”, said Craig Stern, PharmD, MBA, President of Pro Pharma Pharmaceutical Consultants, Inc. “Managers of Health Plans, Public and Private Entities and Unions/Trusts are particularly interested in financial and clinical support when resources and staff are limited.

Pro Pharma’s Suite of Tools to assist in that endeavor is comprised of:

• Identification of the cost and clinical issues for both Pharmacy and Medical;
• Formulation of management plans and objectives;
• Assistance in prioritizing action plans to address “prescriptions for change”;
• Trending of the financial and clinical outcomes to measure success or programs requiring more intensive management.

Pro Pharma’s emphasis is on cost and trend management, improved access (more affordable options for patients), measurable quality, and risk management techniques to improve safety.

Pro Pharma’s Suite of Tools Included:

• Quality And Safety Management
- Clinical Management and Oversight™
- Medicare Part D Compliance
- Quality Management Program™

• Financial & Access (Member Cost Sharing) Management
- Invoice Screening™ for Pharmacy Claims
- Financial / Accounts Payable Functions
- Financial and Clinical Management

• Specialty Injectables: Cost & Utilization Management Issues
- JCode Calculator™ to provide cost and utilization information for effective claims payment.

“We are very proud to announce that after more than 25 year of consulting in pharmaceutical benefits for large and midsize Health Plans, public and private entities including self-insured employers, Taft Hartley Trusts and unions, public employers, for-profit hospitals and integrated health networks, health care insurance companies, worker's compensation insurers, small-to-medium sized HMO's, and Physician groups, Physicians, and Pharmacies, we can show you how our proven expertise and knowledge will work for you to achieve measureable savings to your organization,” added Carol J. Stern, Chief Executive Officer of Pro Pharma Pharmaceutical Consultants, Inc. “It only takes a telephone call and a short web live demo to see how Pro Pharma’s Suite of Tools can find the solution(s) to solve your problems.”

About PRO PHARMA
PRO PHARMA (propharmaconsultants.com) is a multi-service, woman owned, privately held consulting firm offering a vast portfolio of services to public and private entities including self-insured employers, Taft Hartley Trusts and unions, public employers, for-profit hospitals and integrated health networks, health care insurance companies, worker's compensation insurers, small-to-medium sized HMO's, and physician groups.

As a primary service to plan sponsors for achieving below trend results, PRO PHARMA provides an integrated program of administrative process improvements, clinical quality oversight, and provider/member education.

PRO PHARMA’s Consulting services are grounded in the use of data and the communication of that information to define benefit trends, drivers and other analytical indicators. PRO PHARMA markets Biotech Modeling™, Invoice Screening™, JCode Calculator™, Quality Management Program™, and Treatment Calendar™. The Company directly markets its products in the U.S. and collaborates with partners to reach international markets.

About Quality Management Program™ (QMP)
Pro Pharma’s Quality Management Program™ (QMP) is a multi-faceted approach that targets the pharmacy benefit cost and quality from multiple directions; namely, physician prescribing decisions, member demands, pharmacy oversight and patient education, HR rep education, and messaging to actives/retirees. The program is focused on providing patients and physicians specific tools designed to make more informed purchasing decisions that expand member co-pay dollars. The bottom line is: payers (self-insured, employers, Trusts, etc.) lower their pharmacy trend.

About Invoice Screening™
About 10% of drug spend is being paid from PBM Invoices, and should have been rejected by clients prior to payment. Pro Pharma’s Invoice Screening™ analyzes invoices against: formulary compliance, compliance with MAC pricing, eligibility, claims pricing, invalid claims, and excluded benefits, pre-payment as an Accounts Payable function. This ensures that clients only pay for valid claims, which saves time and dollars in the long run.

About JCode Calculator™
Pro Pharma has developed a Standardized Injectable Fee Schedule to assist with the management of claims payments. The advantage to this product is that it bases all Injectable reimbursement on AWP, WAC and ASP cost, and can be customized for drug category discounts or multiple discounts based on drug type or specialty. It includes at least one AWP for every HCPS Code and CPT code description; NDC, brand name, generic name, strength, package size, etc. This look-up reference tool provides non-pharmacist billing and claims personnel with the information and knowledge to process and reimburse claims in a timely, efficient and cost effective manner.

About Biotech Modeling™
Pro Pharma utilizes both the Medical and Pharmacy paid claims to analyze previous claims experience and to develop a model to project future trends. These issues center on the need for drug specific claims information, processing rules to ensure accurate quantities and maximum payment amounts, and rules for processing miscellaneous claims. The model can be updated with enhancements expeditiously given new Medical and Pharmacy claims experience.

Pro Pharma can identify immediate savings opportunities through re-modeling of claims processing procedures, and longer-term savings through technology assessment and utilization management. Additional research and analyses can be performed to determine the biotechnology drug driven costs in procedures, diagnostics, and provider time. It is expected that these adjunctive costs will represent an ever-larger portion of the ambulatory experience downstream

About Treatment Calendar™
Pro Pharma’s Treatment Calendar™ is a proprietary program comprised of Artificial Intelligence rule sets, which allow for quality and cost comparisons by peer-to peer, peer-to-best in class, peer to national norms, and peer to local norms.

Pro Pharma uses Clinical Protocols to analyze patient encounter data and diagnoses for required exams, tests, and medications. In this way, physician practices can schedule the applicable services for each patient and then review them for exceptions.

Treatment Calendar™ functions in the following manner as a:

- Quality tool for benchmarking;
- Tool to align provider and payer incentives by focusing on actionable patient specific quality improvements;
- Risk management tool to identify therapy that doesn't comply with national norms;
- Tool to graphically identify gaps in compliance.

 
 
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Pro Pharma announced Suite of Management Tools

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Contact: Carol Stern - ProPharmaConsultants.com 
818-701-5438 carol.stern[.]propharmaconsultants.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Pro Pharma Pharmaceutical Consultants, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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