Blog

How LTC Pharmacies in The Bronx Save 70% on Billing with Staffingly?

Long-term care (LTC) pharmacy billing is a complex and critical component of managing healthcare services for senior and extended-care facilities. However, the challenges of handling billing in-house—ranging from time-consuming processes to the ever-changing compliance landscape—can overwhelm even the most well-prepared pharmacy teams.

If you’re in The Bronx and seeking to save on costs while optimizing efficiency, outsourcing LTC pharmacy billing may be the perfect solution. Let’s dive into why this matters, how outsourcing works, and why Staffingly, Inc. is the trusted choice for healthcare providers in managing their pharmacy billing needs.

Key Takeaways

1. Outsourcing LTC pharmacy billing can cut staffing costs by up to 70%.
2. It reduces errors, streamlines operations, and ensures compliance with billing regulations.
3. Expert third-party providers like Staffingly offer 24/7 support, letting you focus on patient care while maintaining financial efficiency.
4. LTC facilities in The Bronx can overcome staffing shortages and compliance hurdles by leveraging outsourced billing services.

Why Is LTC Pharmacy Billing So Challenging?

Managing LTC pharmacy billing is no small feat. It involves processing prescriptions, managing insurance claims, and navigating state and federal regulations, all while maintaining timely reimbursements.

Facilities in The Bronx often face additional challenges, such as:

• High employee turnover in billing roles.
• Rising costs of labor and technology.
• Limited time to focus on compliance updates.

Mistakes in billing, such as inaccurate coding or missed claim deadlines, can result in revenue loss and put your business at financial risk.

How Does Outsourcing Work?

When you outsource LTC pharmacy billing, you delegate the entire process—or parts of it—to a specialized partner like Staffingly, Inc. This ensures experienced professionals manage everything from claims submission and follow-ups to error corrections and reporting.

Here’s what the process looks like:

By outsourcing, you eliminate the administrative burden, allowing your in-house team to prioritize patient care while the experts handle the complexities of pharmacy billing.

Why Outsourcing LTC Pharmacy Billing Matters in The Bronx

Healthcare providers in The Bronx deal with unique challenges, including high demand for LTC services and a competitive labor market. Outsourcing provides the financial and operational relief these facilities desperately need.

1. Cutting Costs by 70%: Staffing a full-time billing team can be costly, especially when you factor in salaries, benefits, training, and technology. Outsourcing reduces this expense significantly.
2. Compliance Made Easy: Staying updated with CMS guidelines and other regulatory requirements is a full-time job in itself. Staffingly ensures your billing processes comply with all regulations to avoid penalties.
3. Scalable Solutions: Whether your pharmacy serves a handful of LTC facilities or dozens, outsourcing adapts to your needs.

How Staffingly Helps with LTC Pharmacy Billing

Staffingly, Inc. specializes in healthcare outsourcing services that empower providers to optimize operations while saving on costs. Here’s how we assist:

Expert Insurance Verification

Our team verifies patient insurance eligibility and coverage, reducing rejected claims and ensuring smoother revenue cycles.

Accurate Medical Coding

With certified coders on board, Staffingly guarantees precise coding for prescriptions, minimizing errors and delays.

24/7 Support

We understand that healthcare never sleeps, which is why we provide round-the-clock assistance to handle claims submissions, rejections, and audits.

HIPAA-Compliant Processes

Data security is our top priority. Every billing activity adheres to HIPAA guidelines to protect sensitive patient information.

Real-World Example

A Bronx-based LTC pharmacy was struggling with high employee turnover and denied claims due to coding errors. After partnering with Staffingly, the pharmacy reduced billing errors by 85%, ensured compliance with state regulations, and saved 70% in staffing costs. The result? Improved cash flow and more time to focus on patient care.

Conclusion

Outsourcing LTC pharmacy billing is more than just a cost-saving measure—it’s a strategic move that empowers facilities to focus on delivering exceptional patient care. With Staffingly, Inc. by your side, you can expect seamless billing processes, lower overheads, and reliable compliance.

If you’re ready to transform your pharmacy’s billing operations in The Bronx, Staffingly is here to help. Let’s streamline your workflow, eliminate stress, and save you up to 70% on costs.

FAQs

1. What is LTC pharmacy billing?

LTC pharmacy billing involves managing insurance claims, coding, and reimbursements for long-term care pharmacies that cater to nursing homes and other care facilities.

2. Why should I outsource pharmacy billing?

Outsourcing ensures accuracy, compliance, and cost efficiency while freeing up time for your team to focus on patient care.

3. How does Staffingly ensure compliance?

We stay updated on all billing regulations, including CMS guidelines, and follow HIPAA-compliant processes to safeguard your data.

4. What cost savings can I expect?

By outsourcing with Staffingly, you can reduce staffing costs by up to 70% and improve revenue cycle management.

5. How can I get started with Staffingly?

Contact us at dan@staffingly.com or call (800) 489-5877 for a consultation tailored to your needs.

Disclaimer 

The information in our posts is meant to inform and educate both healthcare providers and readers seeking a better understanding of the prior authorization process. However, it is not a substitute for professional advice. Insurance requirements, policies, and approval processes can vary widely and change over time. For accurate guidance, healthcare providers should consult directly with insurers or use professional resources, while patients should reach out to their insurance providers or healthcare professionals for advice specific to their situation. 

This content does not establish any patient-caregiver or client-service relationship. Staffingly, Inc. assumes no liability for actions taken based on information provided in these posts. 

For tailored support and professional services, 

please contact Staffingly, Inc. at (800) 489-5877 

Email : support@staffingly.com 

AUTHOR: William Harper is an experienced author with a strong background in healthcare, specializing in LTC pharmacy billing. With years of experience in healthcare writing, William brings a wealth of knowledge in LTC pharmacy billing, focusing on simplifying intricate processes for his audience. 

 Reference :

https://www.cms.gov/Medicare/Prescription-Drug-Coverage/PrescriptionDrugCovContra/Downloads/LTCGuidance.pdf?