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Skilled nursing facilities face inefficiencies in pharmacy benefit management, including overprescription, preference for expensive brands despite cheaper alternatives, and lack of oversight. These issues lead to increased medication costs, wastage, and suboptimal revenue cycle management.
A revenue cycle management (RCM) company specializing in optimizing financial processes for skilled nursing facilities (SNFs), focusing on billing, reimbursement, and regulatory compliance.
The platform is expected to deliver significant cost reductions in medication management, improved operational efficiency for SNFs, enhanced revenue cycle performance, and better patient care outcomes through optimized prescribing practices.