The federal 340B Drug Pricing Program helps the nation’s safety net providers manage the cost of serving vulnerable and low-income patients. Although program participation offers significant savings in terms of drug purchase price, complying with the program’s inventory management, auditing, and tracking requirements can be cumbersome for an eligible entity such as yours.

McKesson seeks to balance your potential savings from the program against its costs of administrative burdens and regulatory compliance. Our 340B Manager software will help you manage, track, and report on the 340B replenishment process, allowing you to maximize 340B program savings while simultaneously easing compliance with regulatory requirements.

While many wholesalers and third-party providers have some system to address some level of the 340B participation process, only McKesson’s solution is uniquely embedded within its inventory procurement and management application—providing you the most seamless workflow and integrated information possible. McKesson's 340B Manager helps 340B-participating health systems pharmacies:

• Maximize outpatient drug savings by automatically generating 340B replenishment orders based on real-time drug dispensing activity
  
  
• Reduce labor costs by automating and streamlining 340B ordering, tracking, and auditing processes, thus reducing administrative time and paperwork
  
  
• Improve cash flow by minimizing inventory investment, as there is no need to maintain a separate 340B inventory
  
  
• Comply with program reporting requirements with reports designed to support 340B compliance efforts, as well as quantify 340B program savings
  
  

In fact, after implementing 340B Manager, our average customer increased 340B purchases by more than 15%. And in 2007, McKesson customers utilizing McKesson 340B Manager captured more than $39 million of savings on $109 million of total 340B program purchases—releasing substantial working capital for alternative investment in their health care model.