Novia Strategies enters a corporate partnership with 340B Health, an association of more than 1,000 hospitals.
Here are five points:
1. 340B Health comprises more than 1,000 public and private nonprofit hospitals and health systems in the United Sates that are a part of the Public Health Service 340B drug pricing program.
2. The goal of 340B is to increase the affordability and accessibility of pharmaceutical and clinical care for underserved populations.
3. Novia's Integrated Pharmacy services include a 340B program that allows clients to ensure regulatory compliance and cost savings.
4. The 340B program maximizes savings, extends 340B to all eligible patients and establishes contract pharmacy arrangements.
5. The program also negotiates strategic partnerships and improves regulatory compliance by creating virtual inventory procedures and viewing Medicaid billing to avoid duplicate discounts.
"Partnering with this organization enables us to bring our extensive pharmaceutical experience and operational knowledge to the table, with the objective of helping members achieve the very significant benefits of the 340B program," said Bill Denton, executive vice president, principal, Novia Strategies.
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