Stop paying unnecessary fees to discount cards
Your Pharmacy's Discount Card Program
BIN 014889
Stop paying unnecessary fees to discount cards
Key Features
How it Works
The patient presents any discount card.
The pharmacy then adjudicates the prescription to BIN 014889.
BinPcn.com responds with the patient's discount price.
The pharmacy now tells the patient they were able to get a price lower than the price that was listed in their discount card.
The patient's discount card will not be able to take $4 from the pharmacy since BIN 014889 was used.
About us
BinPcn.com is a server which responds to NCPDP claim requests with drug pricing set by your pharmacy. It provides an easy way to get around discount card scams and requires nothing more than using the BIN 014889 with your pharmacy dispensing software.
Give it a try!Pharmacy discount cards are a scam whose usage continues to grow while costing pharmacies and patients money. All pharmacists know this. Organizations that run discount cards know this. Only the patient believes they are getting a bargain.
Discount cards are either presented by the patient or sent along in the patient benefits coordination section of an ePrescription. In the latter case, the EMR may have a profit sharing arrangement with the discount card to receive between $1 to $3 per medication dispensed.
The result from the discount card adjudication is a 100% patient copay amount that has been set by the discount card provider. The only money that will be received by the pharmacy is from the patient since there is no insurance coverage. The copay amount may be above or below the pharmacy's cost for the medication, so pharmacies have to decide whether to reject the discount card and notify the patient. The discount card provider then takes sometimes up to $4 from the pharmacy for each medication.
To make matters worse, discount card programs have been fined for sharing patient health information (PHI) with social media companies for advertising purposes. These fines are a slap on the wrist when compared to the revenue earned from the activity. Adjudicating to a discount card program that shares PHI with unrelated business entities could unknowingly expose a pharmacy to HIPAA violations.
Pharmacists have now resorted to reversing the adjudication to avoid the discount card fee. This process takes up time and costs the pharmacy an additional NCPDP claim adjudication transaction fee from their pharmacy software provider. Other pharmacists will just look up the medication on the discount card's website, choose a value that appears at a store in their area, and notify the patient what the "discount card" price is.
BinPcn.com removes the $4 discount card fee and replaces it with a 4 cent transaction fee. That is 1/100th the cost. The discount price that BinPcn.com returns is an average of the cost of the medication in the area. This includes discount card pricing. Pharmacies can login to the BinPcn.com portal and override the price for any medication. The adjustment can be up or down, or the same value to lock in the price. In effect this gives the pharmacy a way to set the cash pricing for medications at their pharmacy.
The bottom line
With BinPcn.com, pharmacies now have control of up to a $4 margin when a patient uses a discount card, and can choose to either profit from it or pass it on as savings to the patient. This $4 margin is now in the pharmacy's hands and no longer going into the pockets of a discount card organization.
Give it a try!FAQs
A: Yes you can look up discount cards' pricing on their websites, or keep it it on cheat sheet in the pharmacy. But that takes time and you still have to communicate the pricing to all your staff. If you adjudicate to the discount card, then you end up having to reverse to avoid the $4 fee. BinPcn.com lets you keep all your cash pricing in one place, saves you time not having to look up the pricing, and keeps consistency for cash paying patients with all your staff.
A: A blank PCN will work. Most pharmacies enter a single plan into their pharmacy system with a blank PCN.
A: A blank group works just fine. You can use the group field if you want to support multiple discount levels. The cardholder id is not used.
A: You will login to BinPcn.com as the plan administrator and enter a medication, quantity and price. The medication can be specified by name or by NDC for more specific selection. Here is a video on Adding Price Overrides.
A: No. All patient health information (PHI) is strictly secured to your pharmacy and is not shared with any organization. Patients are never contacted. We are bound to strict HIPAA regulations regarding the protection of PHI.
A: Transactions are billed monthly at 4 cents per transmission. The number of transactions and fees for the current month are viewable in the portal.
A: No. Just 4 cents for each transmission billed monthly.
A: Yes. With BinPcn.com you can manage multiple pharmacies so all share the medication cost overrides. (For pharmacy chains or pharmacies with common ownership.) Other pharmacies will not see your medication pricing.
A: Yes. Please contact us if you are a drug manufacturer looking for help administering a patient copay card. We can handle the patient registration, plan administration and pharmacy payouts very effectively.
A: No. The medication pricing setup by you will only be available to pharmacies in your account.
Contact us