The first thing new patients at ProxsysRx’s Pharmacy in Ocean Springs notice about Mae Durkin are the good manners. While she greets them by their first names, it’s always preceded by the title: “Mister” John, “Miss” Jane. It’s more than a habit. It’s an hereditary trait. (“My mother didn’t get mad much, but one of … Read More
Enhancing Patient Care and System Revenue: The Case for Onsite Specialty Pharmacies in 340B Hospitals
Why a Specialty Pharmacy? (Overview) As chronic illnesses become increasingly common in the United States, the number of specialty medications for managing these conditions has skyrocketed. According to a report by The American Hospital Association, the number of Americans with chronic medical conditions will grow by a projected 9% between 2020 and 2030, an increase … Read More
Best Practices For A 340B Hospital Looking To Build An Onsite Specialty Pharmacy
ProxsysRx recently gathered three of its corporate executives for an in-depth discussion of how an eligible health system can optimize revenues from its 340B program and its retail pharmacy, to help build and fund an onsite specialty pharmacy. Below is a lightly-edited transcript of that discussion. NOTE: If you’d prefer to watch the complete video … Read More
For TMH Pharmacist-In-Charge Mariana Elia, It’s All About The Relationship.
If you’re a first-time patient of ProxsysRx’s pharmacy at Tallahassee Memorial Healthcare, and you want to get Mariana Elia talking, really talking, it helps to know key trigger words. Key words and phrases like “Hello,” “How are you?” and “Tell me about yourself.” All highly effective for starting a lively conversation, to be sure. But … Read More
The Best 340B Program Is More Than Just A 340B Program. Much More.
Congress established the 340B program in 1992 to help non-profit hospitals fill-in the significant revenue gaps inherent to their business models. What the bill’s supporters did not foresee, and what very few eligible health systems realize — even today — is that 340B can function as the central hub of a multi-point program. One that … Read More
Leveraging Partnerships With Drug Manufacturers To Overcome 340B Restrictions On Specialty Drugs
It’s no secret that the 340B Drug Pricing Program has been a lifeline for eligible health systems, enabling them to fill-in the massive revenue gaps inherent to the non-profit-hospital business model (and, in the process, support their mission of providing quality care to our nation’s most vulnerable patients) through access to discounted prescription refills. At … Read More
Randy Bell Has Found His Place In The Pharmacy Profession.
Randy Bell’s last pharmacy job was so disheartening, he left his chosen profession for seven years. And that’s not the half of it. It was a full year before his next career move — residential real estate — started generating positive income flow. So yes, you could say it’s a bit of an understatement when … Read More
Your Hospital’s 340B Contract Pharmacy Network Is Not What It Should Be.
Based on our experience, it’s a claim we can make with 100% certainty. Since 2019, when ProxsysRx launched its 340B Support Services division, we’ve managed the 340B programs of 18 health systems. Altogether, we’ve generated more than $500 million in 340B Savings and Revenue for those health systems — $98M in the first 10 months … Read More
340B Outlook For 2024: Change. Change. And More Change.
What we’ve learned. What it means for your 340B program. Between late 2019 and the end of 2023, ProxsysRx’s 340B Support program went from Zero to more than $500 million in savings generated for the hospitals and health systems we serve. In spite of the drug manufacturer restrictions that have devastated many hospitals’ programs, every … Read More
Pharmacist In Charge Shandra Bouzemann: When Life Gives You Lemons . . .
Shandra Bouzemann did not start working with ProxsysRx’s Pharmacy At DeSoto by choice. “I was a senior at Ole Miss in 2021, and we were asked to choose the pharmacy where we’d like to do rotations. Well naturally, I picked the one at Baptist Oxford, which was a three-minute drive from campus, and less than … Read More