Winston-Salem, N.C.—June 25, 2012—Inmar, a company that operates collaborative commerce networks, announced that Walmart will implement the company’s patent-pending 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.
Inmar’s solution uses patent-pending technology and processes to automate highly complex, labor intensive processes for reconciling the claims and managing the contracts among pharmacies, manufacturers and carriers. In doing so, pharmacies 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.
Millions of claims and transactions tied to thousands of contracts move through pharmacies each day.
“The process of manually reconciling each claim and matching it to each contract to ensure accuracy is daunting and most often cost prohibitive,” said David Mounts, Chief Executive Officer, Inmar. “These companies simply must leverage technology and best practices to ensure both profitability and compliance.”