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New 340B Integrity Provisions in the Affordable Care Act Could Result in Substantial Financial Penalties
Date:6/22/2011

DEERFIELD BEACH, Fla., June 22, 2011 /PRNewswire/ -- Sentry Data Systems, Inc., a healthcare business intelligence technology solutions company, is poised to help hospitals and entities that may come under review due to the Affordable Care Act. Recently, the 340B drug pricing program has had heavy scrutiny from the Pharmaceutical Research and Manufacturers of America (PhRMA). Sentry offers hospitals 340B solutions that maintain compliance and produce an audit trail of transactions.

"Today we support hundreds of hospitals across the US," Travis Leonardi, President and CEO of Sentry said. "These hospitals trust Sentry because of our extensive 340B experience. Our solutions not only give hospitals and health systems the confidence that their entity is in compliance, but they also provide a maximum capture rate and improve financial performance."

When utilizing a 340B Contract Pharmacy to extend the benefits of 340B to your patients, the technology needed to maintain compliance is significantly more complex than the requirements needed for a Federally Qualified Health Center (FQHC) or Community Health Center (CHC). Sentry has hundreds of contract pharmacies using its systems today, and it has the experience and infrastructure in place to provide both a comprehensive and fast deployment for new clients. As the 340B program continues to be further scrutinized by various agencies, it is critical that hospitals and contract pharmacies reevaluate their current 340B accounting procedures and are fully prepared for an audit. "Our mission is to constantly demonstrate and deploy 340B 'Best Practices,' as well as to educate and provide the proper tools to maintai
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SOURCE Sentry Data Systems, Inc.
Copyright©2010 PR Newswire.
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