May 27, 1996 12:00 PM, CAROL ANGRISANI

By: CAROL ANGRISANI

NEW YORK -- Buehler Foods and Edward's Super Foods are using a service that gets their third-party prescription account receivables paid overnight.

"It gives chains, especially the smaller ones, a fighting chance," said Lou Giannotti, chief pharmacist, northeast region, Edward's, Windsor Locks, Conn. Rapid RxEmit, a computerized reconciliation and bill-paying system created by the Pharmacy Fund here, pays participating pharmacies within 24 hours for 100% of all approved adjudicated claims submitted each day. Reimbursement usually takes 30 to 45 days. The money is deposited directly into the pharmacy's bank through an electronic funds transfer. The Fund, in turn, keeps about 2% of the claim.

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