Expert Tip from Maxor

Artificial intelligence (AI) is transforming healthcare, offering innovative ways to enhance operations, improve outcomes, and reduce inefficiencies. For health systems managing a 340B program, AI presents a unique opportunity to streamline processes, ensure compliance, and optimize savings. However, successful implementation requires a strategic and tailored approach, particularly when incorporating entity-owned pharmacies, pharmacy services partners, and contract pharmacy optimization.

• Identify Key Challenges and Opportunities: Begin by assessing specific pain points within your 340B program.
• Partner with Experts: Pharmacy services partners can play a crucial role in implementing AI by providing expertise, infrastructure, and access to advanced tools.
• Optimize Contract Pharmacy Arrangements: Contract pharmacy networks can be complex, but AI offers tools to maximize their potential.
• Implement Thoughtfully: Consider starting with a pilot project targeting a well-defined challenge.
• Measure and Adjust: Regularly assess its performance against key metrics, such as compliance rates, error reductions, and financial outcomes.

By leveraging AI strategically, health systems can enhance the efficiency and impact of their 340B programs. From optimizing entity-owned and contract pharmacies to collaborating with pharmacy services partners, the right AI tools can drive measurable improvements in compliance, savings, and operational performance. Thoughtful implementation and continuous evaluation will ensure these technologies deliver long-term value.

For more details about using AI to optimize your 340B program, read our blog.