Rx Data Collection & Reporting
BABD Data Services LLC is a Reporting Entity providing plan sponsors an affordable, reliable, client-friendly solution for satisfying annual pharmacy and claims reporting obligations created by the Consolidated Appropriations Act of 2021. This new employer obligation is referred to as RxDC or Section 204 reporting.
Even though the first filing deadline has passed, the HIOS submission portal remains open. The next filing season begins mid-April with reporting due on or before June 1.
BABD Data Services works with employers, brokers, TPAs and PBMs to gather and submit the required data for RxDC reporting. We provide great customer service, keep it simple for the employer and broker, give piece of mind by providing submission confirmation, and offer data analytics for those that want to see how transparent things really are.
Compliance is a shared concern. Because the liability falls on the employer, BABD Data Services provides submission confirmations to all our clients. Our clients can also receive an export of their plan-specific data files. This allows fiduciary oversight and fosters true transparency.
What information does BABD Data Services submit?
Every submission includes a Plan List (P2), 8 total Data Files, and a Narrative Response.
BABD Data Services can be the sole Reporting Entity submitting all information on behalf of the plan sponsor or it can be a Reporting Entity submitting on a limited scope.