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We understand the challenges of managing medical aid claims and cash flow. That’s why we offer a comprehensive medical aid reconciliation service designed to simplify the process for you. Once your claims are submitted to the medical aids, our automated reconciliation tool will efficiently and accurately track the progress of each claim.
This service includes :
- BHF registration changes
- Bank changes at schemes
- Joining of networks
- ICW standard monthly reports
- Reconciliation of scripts dispensed from the starting date
Managing finances while providing exceptional care to your customers can be time-consuming. Our bank reconciliation service is designed to take the administrative burden of reconciliations off your hands, allowing you to focus on what matters most—your customers.
We handle all aspects of your bank reconciliations, ensuring accuracy and efficiency. With our service, you can rest assured that your financial records are always up-to-date, freeing up your time to concentrate on running your pharmacy smoothly and providing top-notch service to your patients.
Let us streamline your reconciliation process so you can focus on growing your business and enhancing your customer relationships. Contact us today to learn how we can support your pharmacy’s needs.
We offer the following reports:
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Weekly unpaid/short-paid scripts with the reasons
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Monthly scheme EFT payments.
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Monthly claimed and paid report per scheme.
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Monthly debtors age analysis per scheme and per script.
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Members claim history at a specific pharmacy available upon request.
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Admin fees charged per medical aid administrator available upon request.
Electronic Remittance Advises (ERAs) are digital statements from vendors that help pharmacies process scheme remittances automatically, saving time and reducing errors. ICW offers its own ERA version that updates your system with the latest payments and keeps your Medical Aid Control Account (MACA) current for Unisolve clients.
For Unisolve pharmacies, Vexall and BCX provide ICW with daily script files once the pharmacy is set up on a VPN.
For Propharm and Compharm users, ICW's custom software automatically saves script files to an FTP site every Monday at 6am and on the last day of the month.
Vault 22, formerly known as 22 Seven, is a powerful platform that can serve as your business’s personal financial fitness coach, helping you achieve a more secure and thriving financial future. It does this by pulling daily transactions directly from your bank account and then allocating them to different categories. These daily transactions can then be exported into Excel. ICW will use this functionality to extract your bank account receipts to be used in the monthly bank
reconciliations. We will create an account for you and provide you with your USER ID and PASSWORD.
