What is the 340B Program?
The 340B program is a federal program that requires drug manufacturers to offer drugs at significant discounts to qualified healthcare organizations, which are called covered entities.
How do we qualify for the 340B Program
To qualify for the 340B program, providers must care for an underserved population. For example, an eligible provider could be an urban health center that serves many uninsured or low-income patients, or a hospital in a rural area where patients lack access to healthcare.
Types of entities that participate in 340B include:
- STD Clinics
- FQHCs
- Children’s Hospitals
- Disproportionate Share Hospitals
- Ryan White Grantees
- Title X Family Planning Clinics
Will we have to pay for 340B prescriptions before we are reimbursed?
Not when you partner with BOCA Pharmacy Group! We offer extended payment terms to eliminate out-of-pocket expenses. It’s simple: You will not have to pay for the drugs until AFTER you collect the 340B revenue from BOCA.
How does BOCA ensure we are 340B compliant?
BOCA Pharmacy Group utilizes a proprietary tracking system that identifies compliance issues in real time. We work with you to customize our system based on your specific data points, and develop protocols to identify non-compliance. We can virtually eliminate concerns about diversion and duplicate discounts.
Will our staff workload increase with the 340B program?
Just the opposite. When you partner with BOCA, you will work with one representative dedicated to your success. Our representative will help coordinate patient care to reduce the time your staff spends on pharmacy concerns.
Do we have to leave our current pharmacy to work with BOCA?
You can add BOCA without leaving your current pharmacy. BOCA complements your program by serving the high-risk patients who need extra help getting medication. And because we don’t need to integrate with your EHR, startup is simple.
Will you help us enroll in the 340B program?
Yes! If you are an eligible provider who cares for an underserved population, BOCA will help you join the 340B program.
How are you different from a third-party administrator?
Third-party administrators act as middlemen between retail pharmacies and covered entities. Their mission is to maximize profit, not to improve your patients’ health outcomes. BOCA Pharmacy Group is different: Our mission is to provide dedicated care for your most challenging patients, who are underserved by third-party administrators and retail pharmacies.
And unlike third-party administrators, we don’t use outside partners. All BOCA services – from compliance to specialty pharmacy – are internalized under one roof, keeping you 100% in control of your program.
How are you different from a retail pharmacy?
Profit-driven retail pharmacies don’t have the time or cultural competency to offer the extra care that high-risk patients need. BOCA Pharmacy Group specializes in dedicated care for your high-risk patients. With Boca, your covered entity can significantly improve patients’ participation rates and outcomes.
Is my organization too small to work with BOCA?
No! Our client Community Health Center of Northeast Oklahoma, a smaller covered entity, tried to start a 340B program for two and a half years. They were turned down by third-party administrators who felt they were too small to be profitable.
BOCA Pharmacy Group is independently owned: We don’t need to make a huge profit to satisfy investors. We gladly work with smaller entities like Community Health Center of Northeast Oklahoma.
Who should I contact at BOCA?
General mailbox
Hello@BocaPharmacyGroup.com
