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Financial Advantage

ScriptPro’s Financial Advantage Platform is a user-friendly, web-based reconciliation system that gives you full control over third party billing, payments, and financial reporting – so you can stop chasing dollars and focus on improving revenue, cash flow, and reporting.

Pharmacies today often lose money due to payment delays, incorrect payments, and less-than-equitable reimbursements from pharmacy benefit managers. Now there’s a better way to make sure you get paid accurately and on time. Purpose-built for pharmacies and finance teams by a trusted industry leader, Financial Advantage helps your team get paid faster, reduce errors, and uncover missing and delayed revenue. With real-time tracking and powerful automation, you will simplify operations, stay compliant, and gain insights needed for smarter financial decisions.

What sets Financial Advantage apart is the service behind the software. Our team works closely with yours to ensure you get the most out of the platform – from implementation to daily performance. This built-in support is an extension of your team, not an add-on.

The Financial Advantage Difference

Simplify Reimbursement from Start to Finish

Automate complex processes and reduce manual work across pharmacy operations and finance. Easily generate third-party sales and billing data by day, week, month, quarter, or fiscal year while supporting reimbursement for all payment types including private pay, 340B, third-party insurance, and manufacturer.

Gain Real-Time Visibility into Business Performance

Resolve issues before they affect revenue, including delayed payments and discrepancies at the claim level with the Daily Financial Report.

Automate Reconciliation and Claim Oversight

Save hours of manual work by replacing spreadsheets and manual matching with automated, fast, accurate reconciliation at the claim level and to the penny.

Strengthen Financial Performance

Maximize reimbursement, reduce Days Sales Outstanding, and use data to negotiate better contracts.

Keep Your Financials Audit-Ready

Ensure clean records and compliance across every transaction – helping you reduce risk while staying ahead of regulatory requirements.

Reporting that Works for You

Make confident, data-driven decisions with the help of automated Daily Financial Reports, business intelligence dashboards, financial roll-ups, and contract analytics.

What’s Included

Live customer support and training for the following modules:

  • Administration
  • Store and Carrier Management
  • Filled Prescriptions
  • Billing and Payment
  • Reports
  • Business Intelligence Reports

Benefits at a Glance

  • Accelerate reimbursement and improve cash flow with faster, accurate reporting

  • Understand your financial position every day with a Daily Financial Report

  • Gain clear, actionable insights into revenue, cost, and margins

  • Track all payment and claim types, including MFP-eligible claims

  • Automatically detect discrepancies and prevent revenue loss

  • Free up time and staff resources by eliminating manual tracking

  • Strengthen contract negotiations with robust payment and performance data

  • Rely on expert guidance and ongoing support from our dedicated team

Specifications*

License Requirements:

    • Initial Site: Financial Advantage Platform
    • Additional Site: Financial Advantage Site Activation

Access Requirements: Requires purchase of Customer Hosted Identity Provider (IDP) or ScriptPro Authentication Services.

Computer/Software: Web-based application; requires Windows Operating System; TCP/IP socket connections.

Communications: Requires TCP/IP connectivity/high speed Internet; nightly export; TPMS does not access pharmacy system files.

Remote Support Options: VPN over high-speed Internet connection.

Connectivity to Financial Institutions/Deposit Management: Customer may provide electronic funds transfer information for deposits downloaded from bank; checks may be entered manually, or user may create a feed file.

Electronic Claim Files: Supports 835 file download and ScriptPro created generic claim file.

Paper Claim Forms: Supports HCFA 1500 and custom forms and statements.

Product Lines: PMS

 

*Specifications subject to change without notice.