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Ramsell's New 340B Solution Streamlines Program Management to Ensure Patient Access to Affordable Medications
OAKLAND, Calif., February 1, 2010 – Ramsell, a pharmacy benefit and information management company, announced the availability of its 340B Contract Pharmacy Management Solution, a comprehensive offering that streamlines the administration and management of the delivery of pharmacy services for 340B covered entities. Ramsell is launching the new solution at the 340B Coalition Winter Conference in San Francisco today.
The 340B drug pricing program was established by the federal government in an effort to extend financial relief for specific entities providing care and services to some of the country's most vulnerable individuals. Under the program, pharmaceutical manufacturers are required to provide outpatient drugs to participating entities at a reduced price. Although the 340B program ensures low-income individuals have access to their medication and treatments, some eligible providers do not have adequate infrastructure or mechanisms to fully participate in the program.
"The current economic climate has resulted in an increase in the number of low-income individuals who rely on safety net providers and entities eligible to participate in the 340B drug pricing program. At the same time, providers are challenged with budget cuts and dwindling resources," said Sophia Byndloss, President of Ramsell. "Our new innovative solution simplifies a complicated management process so that providers are able to focus on patient care and outcomes, while accessing the 340B drug pricing discount."
The Ramsell 340B solution combines pharmacy management services such as claims adjudication and utilization reporting along with a robust platform that provides specific features to manage and track 340B inventory, prevent drug diversion and determine patient eligibility. The solution is one of several offerings in Ramsell's pharmacy benefit management portfolio. The company has more than 15 years of experience in managing state drug assistance programs, including those in California, Washington, Texas and Colorado.
Ramsell, a subsidiary of Ramsell Holding Corporation, is a highly efficient pharmacy benefits manager and information management company that provides customized services for public health programs. Its proprietary software and healthcare expertise enables health care entities to make funds go further, thereby assuring that patients have access to the medications they need to survive and thrive. As an important part of the Ramsell family of businesses, Ramsell partially contributes to the infrastructure and costs of operating the Flowers Heritage Foundation, a non-profit group active in community service, education, prevention and the fight against HIV and AIDS. Ramsell is based in Oakland, California. More information is available at www.publichealthrx.com.