Chargeback, Reversal, & 340B Validation
Audit chargeback and reversal claims to prevent potential revenue leakage
ValueTrak’s Chargeback & Reversal Validation module identifies potential revenue leakage from commercial and 340B contracts through automated reconciliation of chargebacks and reversals (EDI 844) against sales and returns data (EDI 867). The module complements any Contract Management System by highlighting discrepancies between the two data sets.
For chargeback analysis without the revenue leakage component, check out our Contract Analytics module.
Chargeback & Reversal
Prevent Potential Revenue Leakage and Improve Profitability
- Determine Chargeback & Reversal Validity
Audit chargebacks and recover revenue lost in the reversal process. Reconcile 867 sales/returns data against 844/849 chargebacks and reversals to validate payments and minimize revenue leakage.
- Research Activity at 340B Entities and Pharmacies
Identify 340B transactions to pinpoint and monitor suspicious activity at entities who may not be complying with their 340B eligibility.
Key Business Benefits
Minimize Revenue Leakage
Minimize potential leakage and unwarranted overpayments due to chargeback inaccuracies
Identify Overpayments
Identify candidate overpayments possessing the greatest revenue opportunities
Pinpoint Issues
Pinpoint chargeback/reversal issues quickly without expensive tactical administrative efforts
Reduce Manual Processes
Reduce manual processes with automated management of 340B program participants
Reconcile Data
Reconcile chargebacks with associated sales & returns to determine validity
Reinforce Contract Validity
Reinforce the investment in your Contract Management System by ensuring chargeback and reversal validity