SpendMend Pharmacy 340B Optimization & Growth
If you’re like most Covered Entities, you’re probably very concerned about remaining compliant with the 340B optimization program. Did you know you’re leaving money on the table? You can optimize your 340B spend and save significant dollars.
SpendMend Pharmacy delivers industry-leading Optimization and Growth solutions to 340B Covered Entities (CE’s). Our team of over 30 pharmacy experts work with clients to customize the right sequence of solutions to help reduce costs and optimize savings in your 340B Program.
Bottom Line Impact
SpendMend Pharmacy consistently reduces annual drug spend for our clients by an average of 3%. The percentage of savings varies based on annual spend volume, but wherever your CE lands on the chart below, the dollars are significant.
Range
Annual Drug Spend
Average Savings
Low
$0 – $2.5M
13.3%
Medium
$2.5M – $10M
4.1%
Medium – High
$10M -$20M
1.9%
High
> $20M
2.7%
*This data of realized savings was compiled from actual client engagements over the past 24 months
Why CE’s Choose SpendMend Pharmacy for 340B Optimization
Drive an average of 3% savings on your annual drug spend
Work with the industry leader in spend optimization
Gain insight on the best practices of leading pharmacies
Benefit from a combined 250 years of pharmacy experience
SpendMend Pharmacy 340B Optimization Program
What We Do and What Your Covered Entity Will Receive:
340B Hospital/Clinic Spend Opportunity
In-depth evaluation on opportunities to move purchasing to GPO or 340B accounts.
340B Contract Pharmacy Optimization
Recommendations to maximize contract pharmacy network and qualifying claims.
Clinic Conversion
Conversion of clinics (under the hospital) to maximize future 340B savings.
Pharmacotherapy Clinic Creation
Creation of pharmacist 340B-eligible clinics to take referrals from non-340B-eligible clinics.
Contract Pharmacy Expansion
Expansion of contract pharmacy networks to maximize qualifying prescriptions.
Site of Care Infusion Strategies
Evaluation and recommendation strategies to maximize infusions across many CE’s.
Apexus Contract Compliance
Referral Capture
Compliantly capture prescriptions written at non-340B clinics who were referred by CE-eligible clinics/providers.
Getting Started
To get started, you only need to provide our team access to your wholesaler and 340B TPA portal. We perform all work offsite, taking care to limit time and resources required of you and your staff. The best part of it all, your hospital/clinic will never be invoiced until you actually realize the savings from our solution.
SpendMend By The Numbers
PHARMACY CLIENTS
AUDITS COMPLETED
%