SERVICE AIMS TO REINVENT THIRD-PARTY REMITTANCE

NEW YORK -- A new service to be launched later this month could revolutionize the way third-party plan claims are processed. It also has the potential to strengthen pharmacy's hand in dealing with third-party plans.The Rapid RxEmit program operated by The Pharmacy Fund here is, at its heart, a financial service in which pharmacies sign over their third-party plan receivables at a discount of between

NEW YORK -- A new service to be launched later this month could revolutionize the way third-party plan claims are processed. It also has the potential to strengthen pharmacy's hand in dealing with third-party plans.

The Rapid RxEmit program operated by The Pharmacy Fund here is, at its heart, a financial service in which pharmacies sign over their third-party plan receivables at a discount of between 1% and 2% in exchange for immediate cash.

As an added incentive for supermark

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