340B Analytics Report FAQs

1. Why Should My Pharmacy Use Indispensable Health’s 340B Analytics Report?

Our new 340B analytics report provides critical financial information about your 340B program that you won’t get anywhere else. This data will help you to make better informed decisions about your pharmacy.

Curious to know more reasons why your pharmacy should try our new 340B Analytics Reports? Click the link below for the top 10 reasons!

2. I’ve always wondered about my 340B transactions from an accounting standpoint. Will your analytics help me with that?

Yes, our 340B analytics report will provide you with data to understand your 340B transactions from an accounting standpoint. The report provides CPA-approved monthly adjustments to your financial statements to properly account for your 340B business.

3. How do I know how much money my 340B program is making for my pharmacy?

Great question. Many pharmacies don’t know how to accurately answer how much money their 340B program is making for their pharmacy. Our report not only shows you the net profitability to your pharmacy from having a 340B program, it also analyzes the net profit improvement per script on your 340B scripts, and answers the question, “How much money did my 340B business earn for my pharmacy last year?”

4. What decisions can this 340B analytics report help me with?

As we all know, it is tough being an independent pharmacy owner these days. Knowing how much money your 340B program is generating for your pharmacy can help you decide whether to keep a shift you were thinking of cutting, can help you decide whether to pursue additional 340B business, and can help you decide the direction of your pharmacy.

In addition, Indispensable Health’s 340B Analytics Report helps you identify opportunities to maximize the benefit of having a 340B program in your pharmacy

5. I have more than one pharmacy and/or more than one Covered Entity. Can I still use your report?

Absolutely. For those pharmacies working with more than one Covered Entity, this report provides a comparison in your financial performance for each Covered Entity. This gives you an opportunity to compare contracts.

6. What are some of the data that I get with your report?

A couple examples of what you can find on our 340B analytics report are,

• The most and least profitable 340B scripts at the patient, prescriber, and prescription level

• The most recent month’s data, as well as 12-month rolling time period, for your 340B program

• A calculation of the percentage of your pharmacy’s margin that comes from 340B scripts.

7. What different reports do you have?

We offer Gold, Silver, and Bronze packages for our 340B analytics reports.

8. Do you have free trials available?

Indispensable Health is proud to offer a 3 FREE months of our Gold 340B analytics report.