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TIP: Identify viable contract pharmacy opportunities for 340B registration to maximize savings.
How to Identify Viable Contracting Opportunities for 340B Registration:
- For covered entities, when reviewing analytics, reduce the projected savings down to between 25-30% if you have opted-in to 340B ESP reporting. If you have opted-out of ESP reporting , then reduce the projected savings down to between 10-15% of the projected savings.
- Price filter, also known as Winner’s Only model, is always suggested for covered entities to ensure positive savings for your program
- Independent contract pharmacies typically benefit from a percentage based dispense fee model. Flat fee models are recommended only in instances where claim volume is substantially high.
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Danielle Sylvas, manager of 340B network development at Cervey, can be reached at dsylvas@cervey.com
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