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.
Danielle Sylvas, manager of 340B network development at Cervey, can be reached at email@example.com