Medical Billing Strategies for Point-of-Care Testing in Community Pharmacy

EP: 1.Benefits of Point-of-Care Testing in Community Pharmacy Practice

EP: 2.Regulatory Requirements and Credentialing for Pharmacy-Based Point-of-Care Testing

EP: 3.Optimizing Workflow and Staff Training for Point-of-Care Testing Implementation

Now Viewing

EP: 4.Medical Billing Strategies for Point-of-Care Testing in Community Pharmacy

Reimbursement and Revenue Generation

Main Discussion Topics:

• Medical billing processes for pharmacy clinical services
• Current Procedural Terminology (CPT)and International Classification of Diseases (ICD) coding fundamentals for pharmacy
• Revenue potential from point-of-care testing

Key Points for Physicians:

• Pharmacies bill using the same CPT/ICD coding system as medical practices
• Four primary goals of point-of-care testing: disease identification, disease monitoring, behavior modification, and reducing barriers to care
• Pharmacy-based testing improves access for patients without primary care providers

Notable Insights:

• Medical billing follows batch processing rather than real-time adjudication
• Developing internal billing expertise prevents revenue loss to third-party vendors
• Patients who use point-of-care testing are frequently aged 18 to 44 years, with approximately one-third lacking a primary care provider

Clinical Significance:

Mastering medical billing processes represents a critical competency for pharmacy’s evolution beyond prescription dispensing, creating sustainable revenue streams through clinical services that address significant health care access gaps.