OmniSYS Becomes XiFin Pharmacy Solutions, Launches Pharmacy Payor Rate Transparency Monitor and Receives Industry Recognition with Pharmacy 500 Award
August 15 2024 - 8:01AM
Business Wire
Integrated Organization Delivers on Vision to
Bring Next-Generation Healthcare Solutions, Analytics, and
Resources to Pharmacists in Retail, Specialty Pharmacy, and Health
Systems
XiFin, Inc., a leading provider of innovative healthcare
information technologies and services that deliver artificial
intelligence (AI)-enabled operational efficiency, interoperability,
and simplicity, announced that it has unified its products under
the XiFin banner to bring the marketplace a more powerful
integrated solution that provides greater end-to-end flexibility
and functionality for managing clinical services. The integrated
organization brings together the best resources of two healthcare
technology powerhouses, creating new solutions that drive revenue,
workflow optimization, and efficiency.
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XiFin Pharmacy Solutions introduces the
Pharmacy Payor Rate Transparency Monitor, an interactive tool
offering pharmacies billing code-level insights into payor
reimbursement rates. Debuting at the NACDS Total Store Expo, this
monitor empowers pharmacies with essential comparative data to
support informed financial decisions and enhance patient testing
services. (Graphic: XiFin)
XiFin Pharmacy Solutions will unveil the Pharmacy Payor Rate
Transparency Monitor at the National Association of Chain Drug
Stores – Total Store Expo (NACDS TSE), to be held August 17-19 in
Boston. The pharmacy-specific interactive visualization tool was
developed to provide pharmacies with billing code-level insights
into contracted payor reimbursement rates, providing critical
comparative data that enables pharmacies to make informed financial
decisions, and to support patient testing needs.
Updated monthly, the Pharmacy Payor Rate Transparency Monitor
will showcase essential billing code data specifically relevant to
pharmacies, especially as they continue to expand their medical
services offerings. At launch, the monitor will feature in-network
rates for Cigna, Aetna, and UnitedHealthcare, covering common
billing codes for diabetes education, medication therapy
management, office visits, tobacco cessation education, and other
diagnostic testing. NACDS TSE attendees can experience this
technology firsthand at XiFin’s dedicated kiosk at the event (booth
#1916). In addition, XiFin Chief Pharmacy Officer David Pope will
participate in the “Annual Roundtable on Critical Issues in
Community Pharmacy” at the NACDS TSE event.
XiFin Pharmacy Solutions, recognized with the Pharmacy 500 award
for being one of 500 pharmacy supply chain businesses and
associations that significantly impacted dispensing pharmacies in
the U.S. over the past year, serves 11 of the largest 13 U.S.
retail pharmacy chains. By developing solutions to enhance
financial stability and optimize workflows, XiFin supports retail,
specialty pharmacy, and health systems pharmacists. These
milestones reaffirm XiFin’s role in streamlining billing and claims
processes, enhancing business visibility, and supporting patient
engagement.
“XiFin Pharmacy Solutions addresses the need for new
capabilities being driven by payors as clinical service offerings
are expanding via the medical benefit pathway,” said Lâle White,
Executive Chairman and Chief Executive Officer of XiFin. “By
bringing revenue cycle management to enterprise pharmacy, we
enhance the patient experience and provide our customers with
flexibility, greater financial visibility, and optimized
reimbursements for medical benefit billing. Our technology
solutions empower pharmacists and their teams to focus on
delivering critical healthcare services and providing exceptional
care for their communities.”
XiFin Pharmacy Solutions brings core strengths and resources
dedicated to innovation, advocacy, and expertise to serve pharmacy
customers with:
- XiFin’s award-winning Revenue Cycle Management to help
enterprise pharmacies better manage the complexity of medical
billing.
- New services such as CareALERTS™ designed to put immunization
opportunity alerts within the pharmacist workflow for the patients
they are serving.
- Additional investment in existing purpose-built, pharmacy-first
solutions for medical benefit claim processing, clinical workflow
enablement and documentation and patient communications.
- The industry’s first annual Pharmacy Transformation Survey to
better understand, anticipate and address the needs of
pharmacies.
Additional highlights:
- David Pope’s business perspective “Expanding Pharmacy Care,”
will be featured in the August issue of a leading industry trade
publication along with a piece analyzing the intricacies of medical
billing, “Dissecting the Complexity of Medical Billing for Clinical
Services.”
- XiFin Pharmacy Solutions received the Retail Excellence (REX)
Award for a third straight year from Drug Store News (DSN). The
award recognizes the organization’s innovative technology and
workflow automation that empower pharmacies across the nation to
deliver clinical services and get proper reimbursement for
them.
- David Pope will moderate a panel of industry experts for the
Forging the Future of Pharmacy webinar in October, hosted by Drug
Store News (DSN). The webinar brings pharmacists, physicians,
legislators and payors together to discuss ways to make pharmacy
more accessible for the millions of Americans who lack access to
healthcare. Please visit this link to register for the
webinar.
About XiFin Pharmacy Solutions
XiFin Pharmacy Solutions is a portfolio of software and services
designed to help pharmacies achieve a stronger financial base and
optimized and automated workflows. With over 25 years of
experience, we leverage our unique market insight, pharmacy
workflow expertise and extensive industry knowledge to deliver
valuable solutions to our customers. We provide medical billing,
enterprise revenue cycle management, clinical documentation and
workflow enablement, and patient communication software for
pharmacies. Our smart clinical messaging capabilities can identify
immunization or other clinical service opportunities within the
pharmacist’s workflow, which drives value and delivers real
results. XiFin currently serves over 30,000 pharmacies, connects to
hundreds of payors and touches millions of patient lives. For more
information, visit pharmacy.xifin.com.
About XiFin
XiFin is a healthcare information technology company that
empowers healthcare organizations to navigate an increasingly
complex and evolving healthcare landscape. Through innovative
AI-enabled technologies and services, we deliver operational
efficiency, interoperability, and simplicity. The company’s revenue
cycle management, clinical workflow enablement, laboratory
information system, and patient engagement solutions enable
organizations to achieve stronger finances, streamline operations,
and develop industry-leading business strategies. XiFin solutions
deliver THE POWER TO DO GOOD™ so that healthcare organizations can
do more good for more patients. Visit www.XiFin.com, follow XiFin
on LinkedIn, or subscribe to the XiFin blog to learn more.
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Audrey Chang 202-489-8634 a.chang@togorun.com