SEATTLE, Sept. 21 /PRNewswire/ -- Integrated Healthcare Systems, Inc., (IHS) a leading provider of affordable automated equipment and software to pharmacies that package, barcode, store, and track drug inventories announced today that it has entered into a multi-year agreement to supply affordable split billing software to participants in the 340B Prime Vendor Program (PVP).
“By leveraging our PVP membership, participants can now take advantage of negotiated, better than market pricing on IHS’ Split Billing Software,” said Chris Hatwig, Senior Director, Prime Vendor Program. “This three-year contract will allow participants in our program to optimize the 340B pharmaceutical contract portfolio. We anticipate adding other IHS product lines in the near future.”
The IHS Split-Billing Software allows healthcare facilities to create replenishment orders by processing and tracking pharmaceutical usage. This allows facilities to optimize 340B pharmaceutical contract savings. By monitoring all drug usage, every 340B pharmaceutical contract opportunity can be utilized without duplicating inventory. Users of IHS’ 340 Split Billing Software can audit and track of all 340B purchases from multiple wholesale vendors.
“Our partnership with the Prime Vendor Program demonstrates IHS’ commitment to offer health care providers of all types, the most comprehensive, affordable solutions while helping to lower the cost of patient care,” said Tom McCarthy, president of Integrated Healthcare Systems. “With our flexible automated Split Billing Software hospitals, clinics and other 340B health care providers are able to accurately and easily manage costs and inventory.”
The 340B Prime Vendor Program helps 340B eligible facilities participating in the 340B Prime Vendor Program recognize additional savings and value. The Prime Vendor Program is responsible for the negotiation of sub-340B pricing on outpatient pharmaceuticals as well as improving access to affordable medications by establishing a distribution network for pharmaceuticals to covered entities.
The 340B Program enables hospitals, community health centers, clinics and other safety net providers to purchase outpatient pharmaceuticals at discounted pricing, thereby expanding access to care to low-income and vulnerable segments of the population.
Integrated Healthcare Systems, Inc. is a leading pharmacy technology company providing affordable automated equipment and software to pharmacies that package, barcode, store, and track drug inventories. IHS provides a variety of systems to hospital and closed-door pharmacies to reduce costs, increase productivity, and improve accuracy and patient safety. IHS solutions include automated pharmacy inventory systems combined with storage and retrieval carousel systems, barcode medication packaging, barcode medication labeling, PHS 340B medication management software, and pharmacy productivity management. These solutions enable healthcare professionals to reduce errors, decrease costs, and operate more efficiently resulting in improved financial outcomes. For more information, please contact Integrated Healthcare Systems, Inc. at 800-541-4102 or visit our website at http://www.ihsystems.net/.
This release was issued through Major Newswire (http://www.majornewswire.com/).
Integrated Healthcare Systems, Inc.
CONTACT: May Torina, Director of Marketing of Integrated HealthcareSystems, Inc., +1-800-541-4102, info@ihsystems.net
