Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 8 – November 2020
Thankful for our Clients! (and new software enhancements!)
Happy Thanksgiving! This has been an especially challenging year, with many issues directly affecting Covered Entities and the 340B Program. We are thankful for our continued partnership and grateful for the care you provide your communities.
We are very excited to release the following valuable improvements & additions to our 340B Management software. Please read below and learn more, these are set to launch in the coming weeks.
NEW Client Dashboard 340Basics is deploying a newly enhanced dashboard, giving clients a much improved overview of their 340B Program. We have added features that enable clients to quickly and easily drill into data.
Ability to view trends by claim type for dates selected in an interactive bar graph
Claim type trends graph displays the proportion of Third-Party, Managed Medicaid, Uninsured, and Referral Program claims, if applicable
Net Savings module includes Cost of Goods tab with a category breakdown
NEW Program Performance Summary
Access to an accurate synopsis of your 340B program is extremely important, as well as the ability to save and work with that data. 340Basics has developed a report that contains data that is presented on your dashboard.
Report includes Total Cost of Goods with a detailed breakdown
Provides Net Savings by pharmacy detail
A clearer overview of data and captured claims by type
UDS Report Enhancement After listening to our client’s feedback, we have drastically improved our UDS report. These enhancements will contain new data and mimic the specific areas on the actual UDS report that pertain to the 340B Program. A few highlights below.
Ability to run and export monthly or yearly
Account for 340B costs integrated and related to 340Basics. i.e. Gateway, Switch, Referral fees, to be included in “Pharmacy not including pharmaceuticals”
NEW Manufacturer Claim Report
In response to requirements set by manufacturers, 340Basics has developed a report to be uploaded directly to the 340B ESP site. If you have registered, this report will be available to your organization
Data for only required 340 ESP data fields, no additional data included
Provided claim data will look back to September 1, 2020
Ability to run report on one or many manufacturers
NEW Reporting Tool
340Basics is releasing a powerful tool that enables Covered Entities to better monitor the performance of their 340B program, providing a deeper insight allowing clients to dissect and analyze trends.
Forging a strategic alliance with Microsoft has allowed us to develop an extraordinary, in-depth, reporting engine utilizing Azure BI that will transcend any other solution in the market today.
For more information, please contact your Account Manager.