#340B Program Integrations

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Blog: How Boomi Modernizes 340B Program Integrations

Streamline your 340B program with Jade Global's Boomi middleware integration solution. Discover valuable insights and modernize your system today!

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Choosing the Right 340B Compliance Partner: The Importance of Expert Support

For healthcare providers engaged in the 340B Drug Pricing Program, ensuring compliance is critical to maintaining eligibility and optimizing cost savings. However, due to the program’s complexity and stringent regulations, staying compliant can be challenging. Collaborating with a knowledgeable 340B compliance expert can significantly enhance an organization’s ability to manage these challenges effectively.

Why a 340B Compliance Partner is Essential

The 340B Program is governed by intricate and evolving regulations that require continuous oversight, specialized expertise, and precise execution. Many healthcare organizations face difficulties in allocating the necessary resources and skills to ensure compliance, increasing the risk of violations. A skilled 340B compliance consultant provides invaluable guidance, allowing organizations to focus on patient care while maintaining compliance.

Key reasons to work with a compliance expert include:

Advantages of Partnering with a 340B Compliance Expert

Choosing the Right 340B Compliance Partner

When selecting a 340B consultant, healthcare organizations should consider:

Conclusion

Effectively managing 340B compliance demands expertise, diligence, and a strategic approach. Partnering with a trusted 340B compliance provider allows healthcare organizations to streamline compliance efforts, mitigate risks, and focus on delivering high-quality patient care. A knowledgeable consultant ensures compliance is not just a regulatory obligation but an opportunity to maximize program benefits while maintaining operational integrity.

[mgmt88]

340B Program Solutions & Pharmacy Management | MGMT88 340B Services

MGMT88 offers expert 340B Program solutions, including 340B Pharmacy Management, 340B Drug Pricing, and 340B Compliance Program services. Our team helps navigate 340B Requirements, ensuring optimal 340B Pricing, 340B Optimization, and efficient 340B Management. We also specialize in 340B & Telehealth integration for enhanced patient care. Contact us to improve your 340B Program and streamline operations.

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What is Asset Inventory Management in Hospital Asset Tracking Software?

Custom hospital asset software solutions can assist in ordering and replacing medical inventory. We can create a hospital asset tracking system that allows healthcare personnel to securely maintain and store hospital equipment, even when operating remotely or on the front lines. Our software can be customized to assist nurses and personnel in determining the exact medicine and equipment stock levels. We can integrate a warning system that alerts the appropriate individual to place an order when inventory is running low. Our hospital asset monitoring solutions can be used with 340B inventory management services to assist businesses in managing and controlling pharmaceutical inventory bought through the federal 340B drug pricing program.

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Today on the PhRMA Blog

340B program remains second largest federal drug program, yet little solid evidence of benefits to patient

By Nicole Longo, June 30, 2022 at 1:30 PM

Over the three decades since Congress created the 340B drug pricing program, we’ve seen massive growth in its size. As a program meant to serve vulnerable patients, this sounds great, right? The problem is we’ve seen little to no evidence patients are benefiting from this growth or even the program itself. Instead, large hospital systems, for-profit pharmacies and other middlemen have co-opted 340B – a program meant to help patients – and turned it into a profit center. At the same time, the program creates incentives that drive up costs for all of us.

Copay assistance is a lifeline for patients. So why are insurers blocking it?

By Stephen J. Ubl, June 29, 2022 at 11:06 AM

In today’s broken insurance system, patients too often pay more for a medicine than what their insurance company pays.

Study after study after study: Contract pharmacy expansion not aligned in communities 340B is meant to serve

By Nicole Longo, June 24, 2022 at 1:33 PM

Evidence continues to show that 340B hospitals and their contract pharmacies are often not helping patients access their medicines, especially patients in socioeconomically disadvantaged areas. Contract pharmacies dispense 340B medicines on behalf of “covered entities,” which include certain health clinics and hospitals. In 2010, HRSA dismissed concerns raised by stakeholders about the increased program integrity risks associated with contract pharmacies, and greatly expanded its contract pharmacy guidance to allow covered entities to have an unlimited number of contract pharmacy arrangements. What has happened in the past decade is an explosion of business relationships that enable large hospitals and large for-profit pharmacy chains to increase their 340B-generated revenue, with hardly any oversight and with little to no patient benefit.

CMS coverage decision restricts access to treatments for Alzheimer’s disease

By Nicole Longo, June 22, 2022 at 2:09 PM

This year’s Alzheimer’s and Brain Awareness Month offers an important opportunity to remember the severe toll that Alzheimer’s takes on patients and family caregivers. Unfortunately, this year also provides a painful reminder that Medicare patients are facing severe access restrictions to the first class of treatments that could change the underlying progression of the disease. In April, the Centers for Medicare & Medicaid Services’ (CMS) finalized a national coverage determination (NCD) that will, for the first time ever, force Medicare patients into highly restrictive research studies (in some cases involving prospective clinical trials) to gain access to new Alzheimer’s medicines that have been approved by the U.S. Food and Drug Administration (FDA) as safe and effective.

You won’t fix what you don’t value: Two reasons why traditional cost-effective analyses can perpetuate health inequities

By Jackie McRae, June 16, 2022 at 2:30 PM

A new report from Partnership for Health Analytic Research or PHAR describes how value assessments that use traditional cost-effectiveness analyses can overlook important health disparities and risk perpetuating health inequities.

Patients support state action requiring PBMs and insurers to share savings and cap costs for medicines

By Stami Williams, June 16, 2022 at 11:30 AM

Patient concerns over ever-increasing costs are growing, especially when it comes to their health care. Morning Consult recently conducted a 50-state poll of 20,000 Americans on behalf of PhRMA to get to the root of affordability challenges, and to learn more about what real people believe policymakers should do to tackle these problems.

Key takeaways from ASCO's annual meeting

By Mike Ybarra, June 10, 2022 at 2:11 PM

Last weekend, health care professionals, patients, scientists and biopharmaceutical researchers gathered for the American Society of Clinical Oncology's (ASCO) annual meeting. With over 200 sessions and 2,500 poster presentations on the latest advances in cancer therapy, the future of cancer diagnosis and treatment is promising.

Recognizing LGBTQ+ Pride in biopharmaceutical science

By Andrew Powaleny, June 9, 2022 at 3:30 PM

June is Pride Month and, like many across the country, we look forward to celebrating the importance of equality and reminding ourselves to continually seek opportunities to make our society more inclusive. Greater education and understanding of the many unique issues, particularly in health care, impacting lesbian, gay, bisexual and queer plus individuals are vital to a more just and equitable society. The biopharmaceutical industry stands firm in our commitment to fostering greater respect for diversity and equality in the work that we do not only for our colleagues but for the patients we serve.

Biopharmaceutical researchers to discuss the value of R&D with Congress

By Stephen J. Ubl, June 9, 2022 at 9:00 AM

Today, researchers from PhRMA member companies will meet virtually with members of Congress and Capitol Hill staff to discuss the importance of biopharmaceutical innovation in bringing new treatments and cures to patients.

New poll shows voters sounding the alarm on health insurance companies and PBMs

By Cynthia Hicks, June 6, 2022 at 2:00 PM

Many Americans battle with an illness every day, but unfortunately for some, their illness is not the only battle they face. A recent Morning Consult/PhRMA poll of 2,004 registered voters shows that Americans are frustrated by the hurdles imposed by insurance companies and pharmacy benefit managers (PBMs) that can stand between them and their medicines, and they want lawmakers to advance solutions that increase transparency and require insurance companies and PBMs to share rebates or discounts they receive directly with patients to lower out-of-pocket costs at the pharmacy counter.

PhRMA represents the country's leading biopharmaceutical research companies and supports the search for new treatments and cures.

©2021 Pharmaceutical Research and Manufacturers of America.

950 F Street NW, Washington, DC 20004

PhRMA 950 F Street NW Washington DC 20004 United States

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10 Trends shaping the retail pharmacy Business for 2020.

From specialty medications to the use of technology to speed up the development of drugs, the year was all about modernization and breakthroughs for the pharmaceutical’s health industry.

The top pharmacy trends for 2020:

• Artificial Intelligence

The initiation of artificial intelligence into the development of new drugs is been one of the mentioned pharmacy trends for 2020. Taking the lead in this area is IBM Watson, a computer that interprets millions of pages of scientific literature and data that helps researchers and pharmaceutical companies to speed up the development of new medications.

Artificial intelligence used in areas of drug development which will be part of the top pharmacy trends for 2020.

• Mobile health apps:

Data gathering has always been one of the most challenging tasks in clinical research. But this year, more pharmaceutical companies are taking advantage of mobile technology to gather relevant information for clinical studies that will help in the development of new drugs.

These apps tend to provide accurate information on a patient’s health status, which is why they’ve been used to study diseases like Parkinson’s disease, diabetes, breast cancer, asthma, and cardiovascular diseases.

• Gene-specific drugs:

Accurate medication is one of the most important pharmacy trends for 2020 because it targets specific genes based on the patient’s health conditions.

Genetic data is gathered through genome sequencing where researchers are able to identify specific abnormalities and come-up with drugs and therapies especially towards them.

The trend, which is also the part of top pharmacy trends in 2020 helps in increasing the efficiency of drugs to help patients get better outcomes for their treatment.

• Printable medication

This year, the drug Spritam made history as the first 3D-printed drug to be accepted by the FDA. Manufactured by Aprecia Pharmaceuticals, the drug is made through a 3D printing process that accords the pill to be porous enough to be dissolved quickly while delivering the dosage needs for the patient.

One of the most talked-about pharmacy trends this year, printable medication is expected to pave the way for the future of drug development and reduce the cost of manufacturing drugs.

These breakthroughs have made a better landscape for the pharmaceutical industries. And the best part is, more advancement is coming with the passing year. Here are some of the top pharmacy trends for 2020?

1. Specialty medication

Specialty products are the most profitable among all the pharmacy trends for the year.

Specialty drugs are made mostly for chronic and degenerative diseases like rheumatoid arthritis, cancer, and multiple sclerosis.

They are rare and highly in-demand due to the complexity and cost of creating them. But they are also very important in helping treat the symptoms of chronic diseases so patients can enjoy a better quality of life.

2. 340B drug discount program

The 340B drug discount program is part of the pharmacy trends for many years, and the ongoing talk for its improvement is not expected to die down in 2020. In fact, this year, focus put on the program’s path for pharmacies.

As a pharmacy, it’s very essential to examine the efficiency of the existing 340B program to know how to make the most of helping patients and their health. You also need to stay on top of new rules, enforcement and audits to easily adjust the program for compliance.

3. Over the counter medications

According to research, the average person’s household spends about $338 on over the counter products every year. With the increasing cost of hospital treatments and health insurance plans, people are moving to self-medication to treat minor health issues.

Over the counter medications are easily available and don’t need a prescription, which helps in cutting reducing the time and cost of the treatment.

Their popularity continues to grow as part of the top pharmacy trends for 2020, so it’s essential for pharmacies to ensure that staff members guide consumers in buying the best over the counter medications. They should offer the best options for their customers so they don’t need to see a physician.

4. Next-door healthcare

Next-door healthcare is one of the top pharmacy trends for 2020 where pharmaceutical services are made more easily accessible to consumers.

5. Virtual healthcare

With more people relying heavily on technology, virtual healthcare is one of the most important pharmacy trends. The pharmaceutical industry will see an increased use of e-commerce and mobile channels for marketing and the competition will definitely be stiff.

6. Data tracking and management

All health system pharmacies will surely agree that data tracking and management is the hardest tasks in the business���but it is also most important. As an integral part of the healthcare system, pharmacies should use their data wisely to make smarter decisions for patients.

7. Drug approvals

The development of new drugs has always been a long and tedious process for pharmaceutical companies, mainly with the FDA being at odds with them. But this time, it improved.

8. Public policy

There has been a long talk on the transparency of healthcare costs for patients and payers. In fact, this year more pressure is placed into making the cost of healthcare services more transparent to the public, mainly the real prices of drugs. & therefore prefer the best online pharmacy in India, it has a transparent system and provides genuine medication, 3MEDS.

9. Bio-similar

The bio-similar market is part of top pharmacy trends for many years, & a controversial topic in the industry. Its essence, bio-similar is a medical product that’s almost an identical copy of the original but manufactured by a different company.

 Bottom Line:

The evolution of pharmaceuticals is a huge factor in the world around us. The treads are kick start to look at something bigger.

[nox-lathiaen]

Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs Source: http://jobrealtime.com/jobs/technology/business-analyst-pharmacy_i4403

[ebookspharmacy]

The 340B Program Handbook: Integrating 340B into the Health System Pharmacy Supply Chain

By Andrew L. Wilson Pharm.D. FASHP Overview Untangle New Requirements and Strengthen Your 340B Drug Program The 340B Program Handbook: Integrating 340B into the Health-System Pharmacy Supply Chain The 340B Drug Program Handbook is the comprehensive guide for pharmacy leaders, hospital administrators, legal counsel, and pharmacy managers. Developed by Andrew L. Wilson, PharmD, FASHP, this…

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Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs source http://jobsaggregation.com/jobs/technology/business-analyst-pharmacy_i4403

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Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs source http://jobsaggregation.com/jobs/technology/business-analyst-pharmacy_i4403

[mgmt88]

340B Program & Pharmacy Management Solutions for Compliance & Savings

MGMT88 offers comprehensive 340B Program services, including 340B Pharmacy Management, 340B Drug Pricing, and 340B Compliance Program. Our experts help you navigate 340B Requirements, optimize 340B Pricing, and enhance 340B & Telehealth integration. Maximize savings and improve care with our 340B Management and Optimization solutions.

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Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs Source: http://cvwing.com/jobs/technology/business-analyst-pharmacy_i5902

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Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs Source: http://jobsaggregation.com/jobs/technology/business-analyst-pharmacy_i4403

[qoholicjobs]

Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs source http://www.qoholic.com/jobs/technology/business-analyst-pharmacy_i6015

[qoholiccom]

Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs source http://www.qoholic.com/jobs/technology/business-analyst-pharmacy_i6015

[ebaggusa]

Business Analyst - Pharmacy

Job Title: Business Analyst - Pharmacy Job Description: As the pharmacy business analyst, you will be a key member of the pharmacy leadership team, assisting the Director of Pharmacy and 340B/Reimbursement Coordinator in the management of all administrative activities related to pharmaceutical reimbursement, revenue integrity, budgeting, and 340B program compliance and optimization to drive financial improvements. Your primary customers will be Vendors, Pharmacists, Patients, and Finance. Required skills & experience (the “must haves” to be considered): - Bachelors degree in Healthcare Business or IT - 3 to 5 years of professional experience in a healthcare field required - Should have specific knowledge of accounting principles and financial reporting - Project management skills preferred - Pharmacy Technician Licensure by the State of AR within 6 months of hire What you need to know: - First ever magnet designated facility in the state of Arkansas - Annual salary increases - Schedule: Monday - Friday; 7am-4:30pm Reference : Business Analyst - Pharmacy jobs source http://ebagg.com/jobs/technology/business-analyst-pharmacy_i4446