Section 340B of the Public Health Service Act increases access to quality healthcare by establishing a program for low-cost drugs for covered entities and their patients. This is an important pricing program, which industry players are happy to participate in.
One common challenge, however, is that it is often difficult to discern whether and when an entity is eligible for 340B pricing. Some manufacturers deploy large staffs to manually verify eligibility and affirm revenue from those entities. Others simply give up, not knowing how to keep up with the ever-changing HRSA database and numerous chargeback claims.
MediLedger helps manufacturers address 340B eligibility concerns by:
1. Updating and validating HRSA data in real-time - and aligning this data between manufacturers, distributors, and buyers
2. Giving manufacturers the ability to update records for covered entities and contract pharmacies automatically based on MediLedger’s blockchain tech.
Want to learn more about the Contracts & Chargebacks solution on the MediLedger Network? This quick 2-min video offers an excellent overview 👇