Your Hospital’s 340B Contract Pharmacy Network Is Not What It Should Be.

November 15, 2023340B, Contract Pharmacy, Covered Entities, Drug Manufacturer Restrictions, Patient Eligibility, PBM, Prescription Discounts, Specialty Drugs, Specialty Drugs, Specialty Pharmacy, Specialty Pharmacy, TPA / TPAs, Uncategorized

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 $435 million in 340B Savings and Revenue for those health systems — $98M in the first 10 months … Read More

Best Practices For A 340B Hospital Looking To Build An Onsite Specialty Pharmacy

October 13, 2023340B, Outpatient Tracking, Retail / Outpatient Pharmacy, Specialty Drugs, 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

Terrebone Pharmacist-In-Charge Derel Smith Is “At Home” In Houma

October 2, 2023Bedside Prescription Delivery, Company News, Meds To Beds, Retail / Outpatient Pharmacy

Few corporate ladders in the retail pharmacy world rise higher than Derel Smith’s did. As former Director of Pharmacy Operations for a major regional retailer, he managed oversight of nearly 600 pharmacies. It was a position nearly 30 years in the making, and one that afforded him an enviable lifestyle in Orlando. So why, you’d … Read More

ProxsysRx’s Meds To Beds Program Makes Immediate Impact Upon Launch At TMH

September 26, 2023340B, Bedside Prescription Delivery, Meds To Beds, Prescription Discounts, Retail / Outpatient Pharmacy, Specialty Pharmacy

To date, we’ve published a dozen posts either detailing, or mentioning-in-passing, the clinical and financial benefits a well-run Meds To Beds program offers hospitals and the patients they serve. Which is why we thought it was time to report some of the personal benefits our program delivers — with a handful of stories we’ve heard … Read More

Enhancing Patient Care and System Revenue: The Case for Onsite Specialty Pharmacies in 340B Hospitals

August 22, 2023340B, 340B ESP, Bedside Prescription Delivery, Compliance, Covered Entities, Drug Manufacturer Restrictions, Meds To Beds, Prescription Discounts, Requirements, Specialty Drugs, Specialty Drugs, Specialty Pharmacy, Specialty Pharmacy

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

So You Want To Build An Outpatient Pharmacy For Your Hospital? Here’s What’s Involved. (Part 2)

July 28, 2023Retail / Outpatient Pharmacy

(Photo above: ProxsysRx’s pharmacy at Terrebonne General Health System, in Houma, LA) The Retail Component “Dawn Dobersztyn does not get enough credit,” says ProxsysRx COO Billy Calhoun. “When you think about it, retail is the face of our pharmacies. It’s the first thing people see when they walk in the door. And here’s the thing: … Read More

So You Want To Build An Outpatient Pharmacy For Your Hospital? Here’s What’s Involved.

July 5, 2023340B, Bedside Prescription Delivery, Meds To Beds, Meds To Beds, Prescription Discounts, Retail / Outpatient Pharmacy

On June 12, ProxsysRx opened its pharmacy in Holyoke Medical Center — a 198-bed independent community hospital in Holyoke, Massachusetts. The pharmacy is currently offering full retail service, and some patient-discharge prescription support (Meds To Beds), but the Employee Prescription plan still has a few hurdles to overcome. It’s a still-unfinished process that began when … Read More

How ProxsysRx Quadrupled One 340B Entity’s Savings & Revenue In A Single Quarter

June 21, 2023340B, Contract Pharmacy, Covered Entities, Drug Manufacturer Restrictions, Retail / Outpatient Pharmacy, Specialty Pharmacy

In late 2022, ProxsysRx’s team initiated 340B Program-Management support for a 198-bed, full-service, community and regional non-profit medical center located in the Northeast. After weeks of laying all the necessary groundwork to manage its 340B program, we began actively submitting eligible prescriptions this past January. By the end of Q1, the hospital’s 2023 340B savings … Read More

The Prescription-Discount Advantage For Self-Insured Companies. And Their Employees.

May 18, 2023Prescription Discounts, Retail / Outpatient Pharmacy

MedServRx: No prescription card saves more. Or delivers more. Not only does MedServRx offer savings of up to 80% (sometimes even more), it gives participating self-insured companies access to prescription-fulfillment data that’s commonly lost when patients use other prescription-discount cards. The MedServRx card, and all of the prescription-data reporting it delivers, are available at no … Read More