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Essential Elements for a Successful 340B Program
Covered Entities face numerous challenges when operating a 340B Program, like manufacturer restrictions, changes in legislation, and more. One solution to these challenges is implementing an on-site pharmacy. But before you start thinking about a grand opening, we have 3 major questions that Covered Entities should be asking when considering an on-site pharmacy.
1. How will an on-site pharmacy benefit our patients?
On-Site pharmacies serve the community by filling prescriptions directly at the Covered Entity’s location, providing patients with easier access to medications, improving adherence and having a pharmacy team on location to answer questions.
Events like the grand openings and community events bring people into the pharmacy, helping you build relationships and create goodwill in the community. With a positive relationship, visitors will be more likely to return in the future, converting social capital into well-being for both the community and Covered Entity by supporting the pharmacy’s viability.
2. How will this benefit our organization?
Implementing an on-site pharmacy presents a unique opportunity to enhance operational efficiency and mitigate impacts of manufacturer blocks, two of the biggest challenges that Covered Entities face with their 340B Programs. On-site pharmacies enable your health center to potentially process more eligible in network prescriptions than those contracting with various outside pharmacies alone.
The streamlined operation of on-site pharmacy enhances patient care and satisfaction through real-time inventory management and immediate access to essential pharmaceuticals.
3. What are the potential challenges or barriers?
Implementing an on-site pharmacy is a complicated process including licensing, staffing, build–out of the pharmacy, inventory management, marketing, IT and more. Thus, hiring the individuals, with the right experience, needed to effectively run all the facets of a successful 340B on-site program can quickly become costly and time-consuming, unless you have the right partner.
How Nuvem Partners with Covered Entities to make on-site pharmacy a reality:
At Nuvem, our Pharmacy Management services provide top to bottom support starting with strategy, build out, management on-site, hiring, licensing, and more. We are here to work with you from strategy planning through ribbon cutting and operating the pharmacy thereafter as your dedicated partner. When you have questions, we’ll find the answers that work with your organization’s goals.
One of our partners shared their perspective on working with us, “Nuvem has been a great partner in ensuring the pharmaceutical needs of our patients are met. The Nuvem team understands the uniqueness of FQHCs and are willing to go the extra mile for our patients. They are accessible and willing to try new programs at the benefit of the patient and the organization.”
Interested in learning more about on-site pharmacy and Nuvem solutions? Submit the form above or contact [email protected].
