Precision Xtract Launches First-Of-Its-Kind Translation Service To Comprehensively Master BIN-PCN Group Identifiers
Subscribers will have immediate access to Precision's comprehensive, cross-asset data clearinghouse—governed and stewarded by a dedicated team of payer data experts—facilitating the development of next-generation, sophisticated commercial analytics and reporting capabilities. Specifically, Precision's new translation service now gives subscribers the ability to accurately record transaction volume, measure the impact of data capture issues, and control downstream delays in reimbursement, enabling pharmacies to process Rx claims efficiently and reduce costly delays.
All too often, pharmaceutical manufacturers and other key healthcare stakeholders find it increasingly challenging to master the wide array of available payer data sets to measure market share and gauge influence on an individual brand or product. Adding to that challenge, a constantly evolving payer landscape necessitates the issuance of new or revised
With Precision's new subscription translation service, clients are immediately able to leverage longstanding, curated data relationships with all major payers and PBMs, also accessing detailed channel descriptors of commercial health plans, employers, unions, worker's compensation, ADAP, Medicare, EGWP, managed Medicaid, state Medicaid, voucher programs, and more. As these complex data systems continue to evolve and redefine their internal coding and external transmission protocols, Precision's team of dedicated payer data specialists provides constant monitoring and updating support to deliver the only comprehensive
Commenting on the critical need for this proprietary, first-of-its-kind service, Ashwin Athri, Senior Vice President, explains, "Precision's new translation offering is a vital tool that the healthcare industry has done without for far too long. With all of the increased attention directed at advances to be derived from commercial data analytics, we know the importance of utilizing the most insightful, accurate, and actionable payer data. However, without being able to translate the
For an on-demand, free demo of Precision's unique
About Precision Xtract
With more than 150 employees in 8 offices worldwide, Precision Xtract is a real-world research, health economics, data management, and payer analytics consultancy that helps leading pharmaceutical and life science companies get innovative therapies in the hands of providers and patients who need them most. For global pharmaceutical, life science, and device companies seeking to improve patient health in parallel with commercial success, Precision Xtract is here to help. Contact us at info@precisionxtract.com.
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SOURCE Precision Xtract
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