Verity Solutions - We're Your Experts in 340B Program Compliance
Verity Solutions is a leading provider of 340B software and services. Verity Solutions is driven to help healthcare organizations save money so they can extend care to those who need it most.
Read More
Summer 2018 Edition | Health System - Infusion
340B Drug Discounts and Quality 503A, 503B Compounding Make Avella an Industry Leader
By partnering with Avella Specialty Pharmacy, hospitals have access to one partner for all of their specialty drug and 503A and 503B outsourcing needs. We've become a recognized industry leader by providing premier service, rapid turnarounds, and rigorous quality assurance.
Read More
Summer 2018 Edition | Health System - Infusion
Excelera - The Leading National Network of Health Systems Operating Specialty Pharmacies
Excelera's goal is to maximize its members' specialty pharmacy opportunity, through payer and LDD access. Excelera acts as a single contracting entity and data aggregator, making it easier for manufacturers to reach a multitude of health systems.
Read More
Summer 2018 Edition | Health System - Infusion
Verity Solutions - We're Your Experts in 340B Program Compliance
Verity Solutions is a leading provider of 340B software & services. Verity Solutions is driven to help healthcare organizations save money so they can extend care to those who need it most. We partner with customers over the longterm to support on-going compliance, audit readiness, & program health.
Read More
Winter 2017 Edition | Health System - Infusion
Verity Solutions - Your Experts in 340B Program Compliance
Verity Solutions is a leading provider of 340B software and services. We are driven to help healthcare organizations save money so they can extend care to those who need it most. We partner with customers over the long-term to support on-going compliance and audit readiness.
Read More
Summer 2017 Edition | Health System - Infusion
Verity Solutions - We're Your Experts in 340B Program Compliance
Verity Solutions is a leading provider of 340B software and services. We are driven to help healthcare organizations save money so they can extend care to those who need it most. We partner with customers over the long-term to support on-going compliance and audit readiness.
Read More
Winter 2016 Edition | Health System - Infusion
Verity Solutions - We're Your Experts in 340B Program Compliance
Verity Solutions products simplify the complex process of maintaining 100% 340B program compliance and results in critical cost savings. Our services have saved our customers more than a billion dollars in drug purchases - all while maintaining an impeccable HRSA-compliant audit record.
Read More
Summer 2016 Edition | Health System - Infusion
R&S Northeast
R&S focuses on your pharmaceutical and medical supply needs so that you can focus on patient care.
Read More
ScriptPro
ScriptPro's automated, super-intelligent 340B engine qualifies and processes prescription data to give you the confidence to tackle this complexity.
Read More
Verity Solutions
Talyst 340B is now Verity Solutions - We're your experts in 340B program compliance
Read More
Comprehensive Pharmacy Services
Conquering 340B is your mission. We have your secret weapon
Read More
340B Resources & 340B Vendors
What is the 340B Drug Pricing Discount Program?
The 340B Drug Pricing Discount Program is a program developed by Congress, which requires drug manufacturers to sell outpatient drugs at a discount to safety-net providers, also referred to as qualified covered entities, serving high numbers of low-income Medicare, Medicaid and Supplemental Security Insurance patients. The discount is approximately nineteen percent lower than the Medicaid net price. Congress created this program to allow these providers to “stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services.” Savings from 340B help to fund free and low-cost medications, as well as, HIV/AIDS, diabetes, cancer, dental and primary care clinics that serve our most vulnerable citizens. (340B Health)
How does 340B affect patients?
The 340B Drug Pricing Discount Program provides indigent patient populations with access to high-priced medications that would otherwise be inaccessible. The savings resulting from the 340B Program are then used to fund free and low-cost medications, as well as, clinics for HIV/AIDs, diabetes, cancer, dental and primary care for citizens without access to adequate care. This program increases the accessibility of healthcare services and assists in closing the gap in healthcare delivery.
What did the legislation in 2010, as part of the Affordable Care Act, do to the 340B Program?
The change in legislation to 340B, with the introduction of the Affordable Care Act, lowered the restrictions to qualify as a covered entity and expanded the number of covered entities that qualify for the program. Covered entities include: disproportionate share hospitals, children’s hospitals, cancer hospitals exempt from Medicare prospective payment system, sole community hospitals, rural centers, and critical access hospitals. To be eligible, these hospitals must be state-contracted, non-profit centers granted power by the government or a private non-profit with a state contract to provide indigent care. All covered entities must meet the Medicaid payer-mix.
What is the 340B Prime Vendor Program?
The 340B Prime Vendor Program (PVP) is managed by Apexus through a contract awarded by Health Resources and Services Administration (HRSA). HRSA is the federal government branch responsible for administering the 340B Drug Pricing Discount Program. HRSA's Office of Pharmacy Affairs (OPA) manages it. As the primary contractor of 340B, Apexus is responsible for negotiating pharmaceutical drug pricing for covered entities, as well as, improving access to affordable medications by establishing a distribution network of pharmaceuticals for covered entities.
The 340B Prime Vendor Program (PVP) is managed by Apexus through a contract awarded by Health Resources and Services Administration (HRSA), the federal government branch responsible for administering the 340B Drug Pricing Program. HRSA's Office of Pharmacy Affairs (OPA) manages the 340B Drug Pricing Program. As the contractor to the 340B Prime Vendor, Apexus is responsible for the negotiation of pharmaceutical pricing below the 340B price as well as improving access to affordable medications by establishing a distribution network for pharmaceuticals to covered entities. We are continually working to add distributors to the Prime Vendor Network and negotiate a portfolio of drugs below the 340B ceiling pricing so that the health care organizations participating in the 340B Prime Vendor program will recognize additional savings and value.
