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Enhancing the Abilities of Healthcare Sector
The client was using a 340B management system that did not do enough to address their needs. What the client needed was a comprehensive system that can combine data received from multiple different healthcare warehouses and generate user-friendly accumulation reports for 340B, WAC, and GPO accounts, coupled with savings reports that calculate the amount saved on every 340B drug. This solution would’ve helped the client streamline many workflows and achieve greater efficiency and productivity.
Identifying Patient Eligibility
Inventory Management
Policies and Procedure
Distribution and Replenishment
Reporting
OSP’s platform offered an easy means to identify the eligibility of patients using a customized 340B management system integrated with other databases. These repositories store the data of patients eligible for 340B and restrict drug usage to outpatients and people who meet the existing requirements. This process used to take longer and was not very efficient. OSP streamlined it considerably.
The software solution can maintain multiple inventory centers and can assimilate disjointed inventories into the workflow of the pharmacy. This goes on to improve the speed and efficiency of operations at the pharmacy, in addition to reducing overhead and other costs. Furthermore, this solution is also compliant with all the relevant regulations. It’s a win-win for the pharmacy staff and the patients.
Having a secure electronic data interchange functionality allows seamless and private exchange between the inventory and the system to manage orders and suppliers. The best part – it enables the users to obtain and access the latest updated directories of all the suppliers. This accelerates the speed of operations and enables the staff at the pharmacy to ultimately serve the patients better.
This is perhaps among the biggest takeaways derived from OSP’s solution. The feature of supply chain management leverages predictive analytics using a combination of patient and clinical data. This function analyses the data to predict the probability of certain outcomes and offer actionable insights into daily operations. It also enables the staff to handle existing inventory better and across multiple locations and forestalling upcoming shortages.
OSP’s custom developed solution enables users to generate multiple reports such as the savings on each 340B drug, accumulation of each account, and other aspects of inventory. This is beneficial as the reports are quick to be generated and accurate, optimizing the client’s operations and saving time and overhead. Moreover, the client was able to forecast the future usage of medical supplies and act accordingly.
The best advantage of OSP’s solution that the client can derive is that the old methods are replaced by faster activity flows through a digital interface. The inevitable benefit of this is a significant increase in productivity, reduction of errors and also improved revenues. OSP’s solution allows the client to be able to do more with the existing amount of resources. This also enables them to serve patients better and experience better revenues.
One of the biggest takeaways from OSP’s custom-built solution is the ease of carrying out day-to-day activities. The platform helps to aggregate most of the daily operations through a user-friendly interface and speed up activities. It achieves this by automating most of the manual, repetitive processes to maximize the productivity and efficiency. As a result, the client experienced a sharp improvement in the management of organizational workflows.
Data is the backbone of any type of business development activity. Moreover, real-time data is a game-changer for most industries. The client was able to obtain accurate, reliable, real-time data about prescriptions to make informed decisions regarding various aspects of the 340B program. This was beneficial both for the client as well as the client’s patients.
Real-Time Prescription Data
Seamless Workflow Management
Regulatory Compliance
Improved Revenues
Greater Productivity
Better Interoperability
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