ABL and Sector News

Bank Audi and Bankers Assistance: an e-Solution from Bank Audi to Simplify Payments at Pharmacies

January 17 2012
In collaboration with Bank Audi, Bankers Assistance developed an e-solution to simplify payments at pharmacies: Bankers cardholders can now purchase their medication and have the company settle the due amount to pharmacies within 48 hours through Bank Audi’s electronic portal. The initiative was taken by Dr. Ziad Nsour, President of the Order of Pharmacists in Lebanon, who requested a simplified payment process in order to ease the burden of pharmacists processing claims from Third Party Administrators (T.P.A.). Indeed, T.P.A.s are now requested to pay their dues to pharmacies immediately, instead of after a period of time exceeding one month, which was previously the case and represented an additional burden for pharmacies on which the Order of Pharmacists had also imposed two regulations, namely forbiddIn collaboration with Bank Audi, Bankers Assistance developed an e-solution to simplify payments at pharmacies: Bankers cardholders can now purchase their medication and have the company settle the due amount to pharmacies within 48 hours through Bank Audi’s electronic portal. The initiative was taken by Dr. Ziad Nsour, President of the Order of Pharmacists in Lebanon, who requested a simplified payment process in order to ease the burden of pharmacists processing claims from Third Party Administrators (T.P.A.). Indeed, T.P.A.s are now requested to pay their dues to pharmacies immediately, instead of after a period of time exceeding one month, which was previously the case and represented an additional burden for pharmacies on which the Order of Pharmacists had also imposed two regulations, namely forbidding discounts (between 10 and 20% on medication) and free-of-charge home delivery services….


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