Harbor Compounding Pharmacy Advises About Coverage for Compounded Medications During Open Enrollment 20160
COSTA MESA, Calif., Oct. 12, 2015 (SEND2PRESS NEWSWIRE) — Many insurance plans are dropping coverage of compounded medications, but some insurance plans still do cover for these custom formulations. Harbor Compounding Pharmacy provides resources and referrals to patients to find insurance coverage for their compounded medications during open enrollment 2016.
Healthcare open enrollment is coming up from November 1, 2015 to January 31, 2016, and many patients on compounded medications are wondering if their current insurance, or any insurances at all, will cover for compounded medications. In the past, most insurance plans included coverage of compounded medications. However in the past few years, insurance coverage for compounded medications has been dwindling, but there is hope. There are some existing insurance plans that still cover for some compounded medications.
Harbor Compounding Pharmacy has helped many patients try to understand insurance coverage for their compounded medications. If patients are wondering if their plan covers for compounded medications, they must inquire if the plan covers for compounded medications made from “bulk ingredients.” This means the insurance plan will cover for compounded medications that are made from pure ingredients, in other words made from scratch. Harbor Compounding Pharmacy also suggests patients call their insurance agents and further inquire if they have had experience signing up patients with compounded medications and have those compounded medications successfully covered by any insurance plan.
Harbor Compounding Pharmacy is currently working with select California insurance agents with experience finding coverage for compounded medications for their patients. If patients are on compounded medications and are in need of a referral to an insurance agent, the patient can contact the pharmacy or go to the pharmacy website to find out who is available to service them. Because insurance plans vary from state to state across the country, patients must work with insurance agents who are familiar with the insurance plans within their state. Harbor Compounding Pharmacy is continuing to look for partnerships with insurance agents experienced in finding coverage for compounded medications.
Overall, insurance coverage for compounded medications may be limited, but it is not impossible to find a plan that will cover for these custom compounded formulations. Open enrollment may seem far off, not ending until January 31, 2016, but doing the research to find the right insurance plan can be a lengthy process, thus patients should start inquiring as soon as possible. Harbor Compounding Pharmacy is open to helping current and new patients connect to the right resources and to the right people to make this process easier. If patients have questions regarding if their existing insurance plan covers for compounded medications at all, they should contact the pharmacy.
More information: http://harborcompounding.com/.
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NEWS SOURCE Harbor Compounding Pharmacy :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.
COSTA MESA, Calif., April 11, 2012 (SEND2PRESS NEWSWIRE) — LendingQB, a seamless mortgage lending platform provider, announced that iServe Residential Lending, LLC, a retail mortgage banker, has reported a dramatic increase in employee productivity, slashed technology costs, and reduced costs per loan since implementing LendingQB. iServe selected LendingQB approximately a year ago because it eliminated having to use multiple platforms, databases and integrations.
“We were previously using three different systems that were technically integrated together, but they still had a number of issues,” said Michael Wilson, director of operations at iServe. “The system-to-system communication was poor, integrations often required employees to re-key data, and we had to call three different vendors when we needed technical support. This was hampering our operational performance. We came to the conclusion that we needed to look for a single provider that could efficiently do the job of these three vendors.”
During the diligence process, iServe was provided with the opportunity to test drive the LOS unencumbered from that of a traditional sales-guided demo, allowing the lender to run a loan through the entire LendingQB system from start to finish. Dubbed the “Guest Suite Invitation,” lenders are able to work with the solution in an isolated environment to ensure it meets their specific needs.
“Working successfully in LendingQB’s Guest Suite Invitation empowered us with the insight to ensure the platform would work for us,” said Wilson. “Immediately after implementing LendingQB, we were able to completely eliminate any re-keying of data, realize greater employee productivity via tighter workflows, and work towards being paperless in the same system. This reduces our cost per loan by an estimated 30 percent and optimizes every single area of our lending practice, from origination through secondary marketing and interim servicing. The improved communications and data integrity of being on one platform has substantially improved our operations.”
“We don’t consider ourselves to be just another loan origination system (LOS) vendor that loosely uses the ‘end-to-end’ buzzword,” said Binh Dang, president of LendingQB. “We like to move away from this overused term and instead refer to our platform for what it really is – a seamlessly connected profit optimization system that is focused on the lender’s business first and foremost. The bottom line should be the bottom line. We advise our clients on how to develop their workflows to reduce cost per loan and increase productivity. That’s how we help clients ‘win the lending game’ in ways they never knew were possible. Sure, our platform is end-to-end, but it’s also much more.”
Key to the LendingQB platform:
* 100 percent Web-based platform delivered as SaaS and residing in the cloud environment reduces hard technology costs by 70 percent;
* All-in-one platform eliminates many feeble best-of-breed integrations, lowering cost per loan by 25 – 30 percent;
* Built-in AUS increases pull-through rate by 40 percent or more;
* Seamlessly connected workflows and transparency for all lending functions;
* Single database eliminates the errors associated with the re-keying of data and the system-to-system communication issues often encountered when using multiple platforms;
* Proven to reduce cost per loan, increase productivity and optimize operations;
* Sophisticated analytics that utilizes a lender’s data to drive business intelligence (BI);
* Responsive customer service and development;
* Highly scalable, flexible and configurable.
Notable is that LendingQB was introduced to the marketplace in December of 2011, but select lenders have been successfully using the platform while LendingQB continued to add ancillary functionality in preparation for its formal launch. Clients were instrumental in working closely with LendingQB to perfect the platform as an all-in-one solution that automates the entire lending process. The result was a tested, tried and true 100 percent Web-based platform that seamlessly connects all lending workflows with complete transparency.
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com .
About iServe Residential Lending, LLC:
iServe Residential Lending, LLC is a multi-state residential mortgage banker. iServe Residential Lending, LLC is a U.S. Department of Housing and Urban Development (HUD) approved, Federal Housing Administration (FHA) lender with direct endorsement (DE) authority. iServe originates FNMA/FHLMC conforming, FHA, VA, USDA and Jumbo loans through their retail branch offices. For more information see: http://www.iservelending.com .
Profundity Communications, Inc.