Walmart to Automate Pharmacy Contract Management, Reconciliation
Walmart plans to deploy new pharmacy contract management and reconciliation solutions in its more than 4,400 pharmacies under the Walmart, Neighborhood Market, Sam’s Club, Walmart Express and Walmart on Campus banners.
The retailer will use patent-pending technology and processes from Winston-Salem, N.C.-based Inmar to automate complex, labor intensive processes for reconciling the claims and managing the contracts among pharmacies, manufacturers and carriers. In doing so, Walmart expects its pharmacies to have the information and tools needed to help ensure the accuracy of the payments they receive from carriers, as well as those they make to government programs. The Inmar solution is currently implemented in more than 12,000 pharmacies nationwide.
“The process of manually reconciling each claim and matching it to each contract to ensure accuracy is daunting and most often cost prohibitive,” said Inmar CEO David Mounts. “These companies simply must leverage technology and best practices to ensure both profitability and compliance.”