American Pharmacy Cooperative, Inc. Selects HealthTrans for Pharmacy Card Claims Processing and Rebates.Business Editors BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . & GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--June 19, 2002 HealthTrans to process claims from new APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. seniors Rx Benefit across seven states HealthTrans, the largest independent processor of pharmacy claims adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. services, announced today that American Pharmacy Cooperative, Inc. (APCI APCI Atmospheric Pressure Chemical Ionization APCI Air Products & Chemicals, Inc. APCI Association of Professional Color Imagers APCI Advisory Panel on Country Information (UK) APCI Applied Personal Computing, Inc. ) has selected HealthTrans' Apothesys Suite for Pharmacy Card Issuers to process claims from the cooperative's new Medicare beneficiary discount program for seniors. The Rx benefit program was effective June 1. Based in Birmingham, Ala., APCI includes more than 820 independent pharmacies An independent pharmacy is a retail pharmacy that is not directly affiliated with any chain pharmacy, such as CVS/pharmacy, Walgreens or Eckerd. However, owners of independent pharmacies will often form alliances with other independents and use their power in numbers to bargain for in the southeastern states of Alabama, Florida, Georgia, Kentucky, Mississippi and Tennessee. These pharmacies process 3 million third party claims a month. APCI will use the suite's Apothesys Claims Management System to handle claims submitted through the cooperative's new Rx Benefit card for seniors. Also included is Apothesys Rebate Administration Service, an outsource solution for managing APCI's negotiated rebates with pharmaceutical manufacturers. "APCI's recently announced Rx Benefit card program enables our senior customers to maintain the relationship with their existing pharmacy and still take advantage of a cost-saving program for their prescription medicine," said APCI's VP of business and professional affairs, Danny Johnson, R.Ph. "By using HealthTrans' Apothesys CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. , our member pharmacies and their senior customers will find use of the new Rx Benefit program seamless and hassle free." Apothesys has been built in preparation for NCPDP's Version 5.1 standards, which were created to meet proposed federally mandated privacy standards for the storage and transmission of sensitive healthcare information. These new standards, which are part of the federal Health Information Portability and Accountability Act There are a number of piece of legislation known as the Accountability Act:
About American Pharmacy Cooperative, Inc. American Pharmacy Cooperative, Inc. is a professional and business organization established in 1984 and comprising of 820 plus independent pharmacies. Practically all of the community drug stores in Alabama are members of APCI, along with a growing number from many other states, including Georgia, Florida, Kentucky, Mississippi, Tennessee and Indiana. About HealthTrans A Business Solutions Provider, HealthTrans is the largest independent processor of pharmacy claims adjudication. The Greenwood Village, Colorado-based company offers Pharmacy Benefits Managers, Managed Care Organizations, retail pharmacy groups, employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. and coalitions its Apothesys Suite of Web-enabled business services for pharmacy claims processing, drug utilization review drug utilization review Health insurance A study of drug prescriptions to evaluate appropriateness and cost-effectiveness of drug therapy , financial reporting, billing and payments as well as manufacturer's rebate processing and reporting. For more information about HealthTrans, visit its Web site at http://www.healthtrans.com. |
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