DUBLIN, Ohio, Nov. 13 /PRNewswire-FirstCall/ -- Cardinal Health today
announced an exclusive alliance with Sentry Data Systems to deliver Web-based
technology that helps eligible health care facilities implement, manage and
meet the stringent compliance requirements of the federal 340B Drug Pricing
Program.
The 340B Drug Pricing Program offers drug discounts to help eligible
hospitals and other federally qualified health care facilities provide care
for the nation's underinsured and uninsured patients.
Participation in the program can lower pharmacy costs by an average of 24
percent(1). However, only a fraction of the more than 1,400 hospitals and
12,000 other eligible health care facilities are fully participating,
primarily because managing program implementation and compliance can be labor-
intensive. Entities that participate in the program are required to adhere to
strict compliance measures to ensure the drug discounts are only claimed for
drugs dispensed to eligible patients.
"Many health care facilities would like to participate more fully in the
340B Drug Pricing Program, but staffing and compliance challenges make it
difficult," said Scott Storrer, group president of Cardinal Health's
Healthcare Supply Chain Services - Pharmaceutical business. "Our new offerings
help hospital pharmacies fully automate 340B compliance to maximize medication
savings and make it easier for providers to extend quality care in their
communities."
Through an exclusive alliance with Sentry Data Systems, Cardinal Health
now offers Sentinel RCM(TM) and Sentrex(TM), the health care industry's only
340B solutions that are delivered via a Software-as-a-Service (SaaS) model,
which provides the benefits of commercially licensed, internally operated
software without the associated complexity and high initial cost.
- Sentinel RCM(TM) (Revenue Cycle Manager) automates pharmaceutical
procurement and replenishment for 340B, wholesale acquisition and group
purchasing organization contracts. It also tracks drug purchases,
dispensations and billing across all hospital departments. Going beyond
traditional inventory management to provide real-time integration of
comprehensive data including medication purchases, patient, physician,
dispensing and billing information, Sentinel RCM(TM) enables health
care providers to identify all possible 340B drug savings opportunities
- while also ensuring an end-to-end audit trail to facilitate
compliance.
- Sentrex(TM) provides all the functionality of Sentinel RCM, and also
enables disproportionate share hospitals to further extend community
care by extending 340B drug discounts to patients through outpatient
and/or retail pharmacies.
Sentinel RCM and Sentrex are built on a dynamic, rules-based engine that
has been designed to comply with 340B rules and regulations, and with the
covered entities' 340B policies and procedures. The technology interfaces with
Cardinal Health's pharmaceutical distribution services, through standard
electronic data interchange (EDI) connections and with leading pharmacy
management and billing systems. For additional hospital pharmacy convenience,
the technology also interfaces with key Cardinal Health products, such as
Pyxis MedStation(R) automated medication management system, Cardinal.com
ordering system and CardinalASSIST(R) automated pharmaceutical replenishment
system.
About Sentry Data Systems, Inc.
Sentry Data Systems, Inc. is a market leading healthcare technology
services company offering a wide range of products and services built upon its
proprietary informatics platform. Sentry's flagship products, Sentinel RCM(TM)
and Sentrex(TM), assist health systems with addressing a wide variety of
pharmaceutical compliance, operational and revenue management challenges.
Advanced audit mechanisms combined with detailed data translate into
actionable intelligence for healthcare organizations, leading to reduced costs
and safer outcomes.
Headquartered in Deerfield Beach, Fla., Sentry's Web-delivered solutions
are sold via a Software-as-a-Service (SaaS) business model, allowing
organizations to reap the considerable financial benefits afforded by its
products using a minimal hardware footprint. Learn more at
http://www.sentryds.com.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is an $87
billion, global company serving the health care industry with products and
services that help hospitals, physician offices and pharmacies reduce costs,
improve safety, productivity and profitability, and deliver better care to
patients. With a focus on making supply chains more efficient, reducing
hospital-acquired infections and breaking the cycle of harmful medication
errors, Cardinal Health develops market-leading technologies, including
Alaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(TM)
infection surveillance services and the CareFusion(TM) patient identification
system. The company also manufactures medical and surgical products and is
one of the largest distributors of pharmaceuticals and medical supplies
worldwide. Ranked No. 19 on the Fortune 500 and No. 1 in its sector on
Fortune's ranking of Most Admired firms, Cardinal Health employs more than
40,000 people on five continents. More information about the company may be
found at http://www.cardinalhealth.com.
(1) 340B Drug Pricing Program: Results of a Survey of Participating
Hospitals, A Joint Publication of The NORC Walsh Center for Rural
Health Analysis, Working Paper #2007-03 and The North Carolina Rural
Health Research & Policy Analysis Center, Working Paper #90; May, 2007
SOURCE Cardinal Health, Inc.