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The 340B Drug Pricing Program offers drug discounts to help eligiblehospitals and other federally qualified health care facilities provide carefor the nation's underinsured and uninsured patients.
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Participation in the program can lower pharmacy costs by an average of 24percent(1). However, only a fraction of the more than 1,400 hospitals and12,000 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 tostrict compliance measures to ensure the drug discounts are only claimed fordrugs dispensed to eligible patients.
"Many health care facilities would like to participate more fully in the340B Drug Pricing Program, but staffing and compliance challenges make itdifficult," said Scott Storrer, group president of Cardinal Health'sHealthcare Supply Chain Services - Pharmaceutical business. "Our new offeringshelp hospital pharmacies fully automate 340B compliance to maximize medicationsavings and make it easier for providers to extend quality care in theircommunities."
Through an exclusive alliance with Sentry Data Systems, Cardinal Healthnow offers Sentinel RCM(TM) and Sentrex(TM), the health care industry's only340B solutions that are delivered via a Software-as-a-Service (SaaS) model,which provides the benefits of commercially licensed, internally operatedsoftware without the associated complexity and high initial cost.
Sentinel RCM and Sentrex are built on a dynamic, rules-based engine thathas been designed to comply with 340B rules and regulations, and with thecovered entities' 340B policies and procedures. The technology interfaces withCardinal Health's pharmaceutical distribution services, through standardelectronic data interchange (EDI) connections and with leading pharmacymanagement and billing systems. For additional hospital pharmacy convenience,the technology also interfaces with key Cardinal Health products, such asPyxis MedStation(R) automated medication management system, Cardinal.comordering system and CardinalASSIST(R) automated pharmaceutical replenishmentsystem.
About Sentry Data Systems, Inc.
Sentry Data Systems, Inc. is a market leading healthcare technologyservices company offering a wide range of products and services built upon itsproprietary informatics platform. Sentry's flagship products, Sentinel RCM(TM)and Sentrex(TM), assist health systems with addressing a wide variety ofpharmaceutical compliance, operational and revenue management challenges.Advanced audit mechanisms combined with detailed data translate intoactionable intelligence for healthcare organizations, leading to reduced costsand safer outcomes.
Headquartered in Deerfield Beach, Fla., Sentry's Web-delivered solutionsare sold via a Software-as-a-Service (SaaS) business model, allowingorganizations to reap the considerable financial benefits afforded by itsproducts using a minimal hardware footprint. Learn more athttp://www.sentryds.com.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is an $87billion, global company serving the health care industry with products andservices that help hospitals, physician offices and pharmacies reduce costs,improve safety, productivity and profitability, and deliver better care topatients. With a focus on making supply chains more efficient, reducinghospital-acquired infections and breaking the cycle of harmful medicationerrors, Cardinal Health develops market-leading technologies, includingAla