Seamlessly manage your 340B programs with highly differentiated technical expertise

Track 340B eligibility, inventory replenishment and audit compliance to save on administration costs and effectively manage and administer the 340B program.

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Managing 340B program participation and compliance is cumbersome for even the most resourceful of organizations. From executing calculations through to reporting and audit preparedness, it is a job big enough to require dedicated employee(s) and systems.

The biggest challenges healthcare entities face are:

  • HRSA regulatory compliance
  • Inability to replenish inventory accurately
  • Inferior 340B data quality standards
  • Differing drug purchasing rules
  • Unclear pricing methods and frequent price changes
  • Medicare reimbursement rules misconceptions
  • Safeguarding against drug diversion
  • Limited physical space and complex operational processes

Excellarate offers highly differentiated technical expertise within the 340B domain enabling you to build out solutions and manage your 340B programs seamlessly.

Solutions we have built track 340B eligibility, inventory replenishment and audit compliance which enables covered entities to save on administration costs and effectively manage and administer the 340B program.

To help you take on 340B with confidence, Excellarate will:

  • Simplify contract pharmacy services by helping capture eligible 340B prescriptions for 340B drugs across multiple wholesaler contracts.
  • Set up split billing to manage procurement and inventory replenishment in 340B eligible healthcare organizations.
  • Identify eligible patients and support a variety of discount cards to qualifying patients and maintain 340B program integrity.
  • Stay prepared for continued HRSA 340B compliance audits with automated auditing and support services.
  • Facilitate creation of standard and customized reports for contract pharmacies to demonstrate the impact of the 340B program.

340B Technology Solution Benefits

Single platform solution

A single platform solution designed to manage the end-to-end procurement cycle and help you track your drug activity from pill procurement to patient payment. The 340B system facilitates in-depth tracking of drug activity at the 11-digit NDC level for a comprehensive audit trail and helps gain new insights into your pharmacy operations.

Fix price differences

Find and fix price differences where there exists a mismatch between contracted and invoice prices or where the cost is greater than the national average for an NDC. Get lower-costs and nominally priced items based on the NDCs you typically order.

Robust inventory management

Enable robust management of inventory and procurement across multiple ordering platforms, wholesaler accounts and pricing contracts.

Positively impact your bottomline

Identify and resolve unmapped revenue items to prevent loss of revenue and positively impact your bottomline. Determine drug costs by monitoring the ratio of purchases to dispatch.

Customizable reporting

Robust customizable reporting helps you drill down into your data and draw relevant insights. Predict your drug spending based on historical data and what-if scenarios. Effortlessly integrate with 3rd party pharmacy software and real-time invoice generation process.

100% audit compliance

100% audit compliance with built-in audit assistance from our audit support specialists.

50-60% cost savings

Engage automated decision processes guided by configuration options you choose based on your 340B program parameters. Realize 50-60% cost savings over 3 years resulting from lower per claim processing costs. Reduced pricing discrepancy avoids repeat processing of invoices with upto 99% accuracy.

Ensure high supply availability

Provide covered entities an automated inventory replineshment that ensures high availability of drugs at stores.

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