340B Management Tool
Optimize Your 340B Purchasing and Expand Your 340B Program
340B is a federal program that allows qualifying not-for-profit healthcare organizations to purchase drugs at a discounted rate. Withum’s Healthcare Advisory Services Team has assisted healthcare organizations to optimize their 340B purchasing and strategically expand their 340B program while ensuring compliance and sustainability.
Withum’s unique software integrates data from all aspects of the program, linking EMRs, e-prescribing systems, contract pharmacies, TPAs and wholesalers as a “one-stop-shop” for all 340B concerns.
Schedule a personalized and complimentary demo with a member of our team today.
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340B Management Tool Features
Enhanced Data Analytics
Analyze e-prescribing data to identify expansion opportunities through potential contract pharmacy relationships, clinic conversions and other partnership opportunities.
Compliance
Algorithmically identify high risk prescriptions requiring review on a predetermined cadence to ensure compliance. Store all 340B related contracts and map directly to cost reports.
Network Leakage
Track prescriptions filled within your 340B network and understand the root cause of prescriptions filled outside your network.
Vendor Management
Optimize 340B procurement, tracking mixed-use drug purchases, ensure access to 340B medications and minimize WAC spend.
Sustainable Solution
Sustain your 340B program with software customized specifically to support your 340B program.
Timeline Acceleration
Automated data analysis and our project management functions accelerates implementation, improving cashflow and project ROI.
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340B Insights
340B Program Considerations and How Technology Can Help
The 340B Drug Pricing Program (“the Program” or “340B”) is a federal program that allows Federally Qualified Health Centers (“FQHCs” or “Covered Entities”) to purchase drugs at significant discounts from […]
Case Study: Medical Center Achieves Sustainable Growth With Its 340B Program
Withum was engaged to assist a southwestern academic medical center grow its 340B Program to increase savings while also ensuring compliance and sustainability. Learn how our proprietary analytics tool helped […]
340B Drug Discount Program Compliance
Share Changes in the healthcare industry have increased the scope and complexity of a healthcare organization’s compliance related risks. This is evident in Federally Qualified Health Centers (FQHCs) which are […]