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News

McKesson show the way to make pharmacy savings with its 340B Manager solution

McKesson UK : 15 July, 2008  (Company News)
McKesson’s 340B Manager solution has saved health system pharmacies more than $39 million in 2007 alone.
McKesson 340B Manager was specifically designed to help health system pharmacies automate the complex process of ordering, tracking, and managing product replenishment under the federal 340B Drug Pricing Programme. The solution is the only one that is fully integrated with an ordering platform. Through its connection with the McKesson Connect ordering system, McKesson 340B Manager makes ordering and managing 340B inventory a seamless experience.

“We have participated in the 340B programme since January 2004. But last year we actually became a lot better at tracking those eligible doses when we implemented McKesson’s 340B Manager software,” said Tim Smith, director of pharmacy, Fort Sanders Regional Medical Center. “This has allowed us to track all eligible doses and stay compliant with the rules and regulations from the Office of Pharmacy Affairs and HRSA. In 2007, our 340B programme savings shot up to $1.29 million by being able to count all those doses. Now we feel confident that we are capturing every 340B opportunity throughout our entire organization from pharmacy to the emergency department - and we have the reporting to back it up.”

While keeping track of programme details can be a challenge for many health systems pharmacies, the federal 340B Drug Discount programme represents an opportunity for them to both serve their communities and reduce their drug spending costs. Eligible hospitals that provide healthcare to low-income patients can pass on the substantial savings that they gain from access to discounted pharmaceuticals through the 340B programme. However, up until now, managing the programme required many eligible hospitals to apply extremely labour-intensive inventory tracking and ordering processes. Manually navigating the complexities of administering the 340B programme may actually increase a health system pharmacy’s operational costs by creating redundant inventories as well as unnecessary processes and costs, and reduce the full savings benefit of the programme.

“Without the 340B Manager, it would be impossible to completely know your in-hospital opportunity for 340B savings,” said Garrett Baggs, director of pharmacy, AtlantiCare Regional Medical Center.

McKesson’s proven 340B Manager enables customers to successfully address these and other challenges. It was specifically designed to help health system pharmacies automate the complex process of ordering, tracking, and managing product replenishment under the 340B programme. Used by leading health system pharmacies across the USA, including university health systems, community hospitals, and clinics, McKesson 340B Manager helps health system pharmacies:

- Maximise outpatient drug savings through automatically generating 340B replenishment orders based on real-time drug dispensing activity.

- Simplify compliance with federal program requirements thanks to reports designed to support 340B compliance efforts as well as quantify programme savings.

- Reduce labour costs by automating and streamlining 340B ordering, tracking, and auditing processes, thus reducing administrative time and paperwork.

- Improve cash flow by minimising inventory investment, as there is no need to maintain a separate 340B inventory.

“I’ve estimated that the 340B programme saves my hospital $150,000 a month on an annual budget of $11 million - that is pure drug acquisition cost savings,” said Tom Van Hassel, director of pharmacy, Yuma Regional Medical Center. “With McKesson 340B Manager, I’m able to manage, track, and report on the replenishment of 100 percent of my 340B purchases without spending any time doing so. The software allows me to prove and drive that $150,000 savings directly to my hospital’s bottom line.”

The McKesson 340B Manager is the industry’s only solution that is fully integrated with an ordering platform. Through its connection with the McKesson Connect ordering system, McKesson 340B Manager makes ordering and managing 340B inventory a seamless experience, such as auto-generating replenishment orders. Additionally, because of the solution’s integrated approach, McKesson 340B Manager further simplifies 340B compliance and savings tracking through sophisticated reporting capabilities. Reports include:

- 340B Dispensing Report, which provides a 90-day log of actual dispensing activity including file imports and manual updates.

- 340B Purchase Order Activity Report, which tracks 340B purchase orders generated by McKesson 340B Manager over a 90-day period.

- 340B Savings Report, which provides a summary of savings captured from 340B replenishment orders.

- 340B Accumulated Dispensing Report, which provides a list of all items where there is dispensing accumulated that has not been used. You can create a purchase order under 340B for that product automatically, maximising your savings potential.

“McKesson 340B Manager has interfaced seamlessly with our other applications and has eliminated the majority of manual steps required to generate our 340B orders sent to McKesson Connect. In our classic mixed environment, 340B Manager accurately and efficiently identifies those medications dispensed to patients meeting the patient definition as defined by HRSA,” said Jimmy Baucom, director of pharmacy services, Carolinas Medical Center-Union.

“The Federal 340B programme can be an extremely beneficial programme for health system pharmacies to deliver high-quality patient care to low-income patients within their communities. However, without the right system in place to help pharmacies manage the complex processes associated with the 340B program, the benefits of the programme can be quickly overshadowed by high costs and resource demands,” said Chris Borr, FACHE, vice president of marketing, McKesson Health Systems. “McKesson 340B Manager helps hospital pharmacies overcome this challenge and identify more products eligible for replenishment, positioning them to become a cost savings center within their health systems, rather than a potential cost centre.”
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