Medication therapy management program slashes medication expenses 200% with better outcomes
Jason Henry, HIV program coordinator for nonprofit Frederiksted Health Care, knew his organization could do more, if they had more money, or more time. Henry’s personal passion is to help serve its patient population—which is almost entirely below poverty level. Through its approved Ryan White Part C program, the nonprofit was paying $5,000 to $7,000 a month to provide medications for 30 uninsured HIV patients. That figure covered only generic medication and exceeded federal reimbursements. If Henry and his team could find a way to reduce this expenditure, he knew he wanted to use the money to reinvest into providing medication for other patients.
Looking at his options, Henry explored the 340B federal drug program. It would enable Frederiksted Health Care to greatly shrink medication expenses, but it practically required a partner to ensure that participation in this tightly regulated process went smoothly. Regulations change frequently and the steps required for approval can be tedious. For this reason, 340B-registered partner pharmacies like HealthStat Rx are in unique positions to serve as consultants to ensure that providers obtain—and retain—necessary approvals.