DUBLIN, Ohio, Nov. 13 /PRNewswire-FirstCall/ -- Cardinal Health today announced an exclusive alliance with Sentry Data Systems to deliver Web-based technology that helps eligible health care facilities implement, manage and meet the stringent compliance requirements of the federal 340B Drug Pricing Program.
The 340B Drug Pricing Program offers drug discounts to help eligible hospitals and other federally qualified health care facilities provide care for the nation's underinsured and uninsured patients.
Participation in the program can lower pharmacy costs by an average of 24 percent(1). However, only a fraction of the more than 1,400 hospitals and 12,000 other eligible health care facilities are fully participating, primarily because managing program implementation and compliance can be labor- intensive. Entities that participate in the program are required to adhere to strict compliance measures to ensure the drug discounts are only claimed for drugs dispensed to eligible patients.
"Many health care facilities would like to participate more fully in the 340B Drug Pricing Program, but staffing and compliance challenges make it difficult," said Scott Storrer, group president of Cardinal Health's Healthcare Supply Chain Services - Pharmaceutical business. "Our new offerings help hospital pharmacies fully automate 340B compliance to maximize medication savings and make it easier for providers to extend quality care in their communities."
Through an exclusive alliance with Sentry Data Systems, Cardinal Health now offers Sentinel RCM(TM) and Sentrex(TM), the health care industry's only 340B solutions that are delivered via a Software-as-a-Service (SaaS) model, which provides the benefits of commercially licensed, internally operated software without the associated complexity and high initial cost.
- Sentinel RCM(TM) (Revenue Cycle Manager) automates pharmaceutical
procurement and replenishment for 340B, wholesale acquisition
|SOURCE Cardinal Health, Inc.|
Copyright©2007 PR Newswire.
All rights reserved