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Enhancing the Abilities of Healthcare SectorOSP’s team of experienced healthcare experts offers quality healthcare consulting services for providers and health plans. Our team includes experts on enterprise software platforms, US government programs, digital innovation, and business operations.
Learn More HearOSP is proficient and experienced in building robust enterprise applications to address your complex and sophisticated software needs and execute your digital transformation lifecycle. We have comprehensive customized tools to solve your healthcare challenge.
Learn More HearOptimizing the healthcare system is essential for better productivity and quality performance. OSP’s team of developers can enhance and upgrade the healthcare solutions in modules, security, or interoperability sections with new custom components.
Learn More HearOSP’s QA team can resolve the challenges of disrupted workflow and application safety. We offer assurance in product quality with multiple levels of quality testing, including usability, performance, localization, and security testing.
Learn More HearOSP can assist healthcare organizations in designing and creating a fully automated 340B prescription management system, which will process and qualify prescription data in real-time and provide data analysis to ensure adherence to 340B program compliance. This software solution can also be customized to display the number of prescriptions, prescriptions dispensed by pharmacies, and the medical costs on a daily, weekly, and monthly basis. The data collected in real-time can assist healthcare organizations in building a robust and effective 340B inventory management system and playing a key role in reducing the growing misuse of the 340B program. The system will meet the end-to-end operational requirements to provide a comprehensive 340B prescription management system. OSPs tailor-made inventory management systems that can eliminate much of the cost and end-user maintenance for an enterprise pharmacy solution.
We have helped vendors and organizations participating in the 340B inventory management program build a system, which ensures compliance with 340B guidelines and practices. This solution can be designed to maintain multiple inventory centers as it is necessary for an inventory management system to be capable of assimilating dispersed inventories into the pharmacy workflow. This system can also be customized to support direct Electronic Data Interchange (EDI) interfaces, enabling the inventory and order management system to connect to suppliers directly and instinctively download and access their updated directories. It can also be integrated with other 340B management systems such as auditing, reporting, supply chain, etc. for data exchange and identifying best practices to ensure compliance.
Our team of experienced developers and engineers can help design a 340B software that can help identify patients eligible for the 340B program. This 340B database system can be integrated with other databases where the data of 340B eligible patients is stored. It will ensure that drugs obtained under the 340B program are restricted to outpatient use and given to individuals who meet the existing patient classification requirements. When an individual applies for 340B drugs, it can be designed to explain why that individual is eligible for the use of the drugs on an outpatient basis and display records that can establish compliance with 340B program requirements. OSP addresses challenges in the current scenario by offering an empowering and user-friendly inventory management program designed to simplify the process of medication dispensing, management of inventory, and sales-related processes.
We can design and build self-learning applications for staff involved in managing the 340B program. These applications can provide all the information related to 340B inventory management and update the changes to policies and procedures in real-time. It can include information about:
Our customized inventory management system will ensure that the staff is self-sufficient, and there is no dependency on any third party or individual. They will be able to find answers to their questions through these applications. At OSP, we create a pharmacy management system geared to address specific requirements and eradicate complexities specific to the organization in question. Our custom solutions aim to address operational system complexities and holistic development of the pharmacy for increased revenue generation and streamlined processes.
OSP can assist healthcare providers in building an audit software inventory management system, which covers all the dimensions of 340B program compliance. It also provides an understanding of areas where the program performance can be enhanced and improved. This system will focus on 340B policies and procedures for comprehensiveness and uniformity and automatically update the changes to any policy and guideline. It compares the actual 340B program implementation and information regarding the accumulation of 340B data and supplementary purchasing and inventory management practices. Our automation techniques are deployed toward efficient inventory management through the incorporation of barcodes that meet compliance requirements. Inventory processes are infused with efficiency through process-flow automation of stocking, numerical balances, monitoring and tracking, warehouse stock manifests and dispensing updates.
A solution can be designed and developed based on predictive analysis. It can create competencies through hospital management supply chain optimization. This system uses a combination of patient and clinical data, enabling hospital staff management and healthcare providers to predict the probability of certain consequences, eventually providing more personalized care to 340B program patients. Modern technologies can be leveraged to integrate and automate pharmacy operations. It will provide real-time visibility into inventory purchasing, like classifying medicine quantities across locations and forestalling upcoming shortages. Automation will also improve and enhance processes and create efficiencies, eradicating burdensome inventory management responsibilities that can result in high costs and human errors. Vendors and wholesalers are accounted for through the extension of modules to all related parties. The entire process of managing inventory is accelerated and increased in terms of productivity.
Charlie LangdonFounder, CEO, & Inventor Vault Data Financial Services Software
We have worked closely with OSP for two years, meeting twice a week to work through development requirements, strategy, design, progress, and support. OSP has become an integral part of our business, and our mutual teams work together as one team. OSP tackles problems that arise with integrity and operate with respect for budgeting.
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Selita JansenWe reached out to OSP to provide an estimate on a technology solution we were interested in developing. From the initial conversation, the team was professional, courteous, and thorough. We were able to make a quick decision to move forward with OSP because we were confident that our requirements were accurately captured and the development deliverables and associated costs were clear. The OSP development team stayed on schedule and within budget throughout the build phase and provided weekly communications to keep our team informed along the way. If we require application development in the future, OSP will be the first call we make.
US is facing a crisis of inadequate care for pregnant women, particularly for those in rural or disadvantaged socioeconomic communities. Shortages of maternal-fetal medicine experts (MFM) have reached critical levels.
Our US-based client wanted to solve this challenge by using technology to provide quality health access to pregnant women. Building a solution that connects MFM experts to pregnant women in the remote local clinic through real-time video streaming was the need of the hour.
Learn More Hear US is facing a crisis of inadequate care for pregnant women, particularly for those in rural or disadvantaged socioeconomic communities. Shortages of maternal-fetal medicine experts (MFM) have reached critical levels.
Our US-based client wanted to solve this challenge by using technology to provide quality health access to pregnant women. Building a solution that connects MFM experts to pregnant women in the remote local clinic through real-time video streaming was the need of the hour.
Learn More Hear US is facing a crisis of inadequate care for pregnant women, particularly for those in rural or disadvantaged socioeconomic communities. Shortages of maternal-fetal medicine experts (MFM) have reached critical levels.
Our US-based client wanted to solve this challenge by using technology to provide quality health access to pregnant women. Building a solution that connects MFM experts to pregnant women in the remote local clinic through real-time video streaming was the need of the hour.
Learn More Hear US is facing a crisis of inadequate care for pregnant women, particularly for those in rural or disadvantaged socioeconomic communities. Shortages of maternal-fetal medicine experts (MFM) have reached critical levels.
Our US-based client wanted to solve this challenge by using technology to provide quality health access to pregnant women. Building a solution that connects MFM experts to pregnant women in the remote local clinic through real-time video streaming was the need of the hour.
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The Public Health Service Act contains Section 340B. This stipulates pharmaceutical companies who participate in Medicaid to sell outpatient drugs at discounted prices to medical organizations that provide care for uninsured or low-income patients.
If a healthcare facility is eligible for this program, it must apply and receive approval for the 340B Drug Program. After enrolment, that organization can purchase outpatient medications at the discounted prices set by the stipulation. Pharmaceutical companies must lower the cost of their drugs for 340 B-approved facilities. This helps those facilities better serve low-income or uninsured patients and improves access to care for those people.
Entities covered by 340B usually utilize split-billing software to manage drug inventories that might be virtually differentiated but kept together. Such organizations use a replenishment model and must accumulate all 340B purchases for the National Drug Code (NDC) allocated to the 340 B-eligible patients. The organization must be able to produce the records to show this accumulation.
The factors in split-billing software to be considered when monitoring for compliance with inventory management include the following –
A 340B inventory is composed of outpatient drugs purchased by healthcare organizations eligible for the 340B program. Such organizations purchase the drugs at discounted prices as they provide medical services to low-income and uninsured patients.
The 340B inventory consists of outpatient drugs purchased at discounted prices for pharmaceutical companies. The companies must offer the drugs at lowered prices to healthcare organizations that provide services to poor and uninsured patients. In other words, the 340B inventory provides outpatient care for patients who lack insurance or cannot afford medical care.
Healthcare organizations need medical inventory to provide care for patients. The inventory might include medication, gloves, syringes, scrubs, etc. The bigger a hospital gets, the more patients it needs to see. So, a hospital or clinic must always be equipped to serve patients. That is where inventory management comes into play.
Managing a medical organization’s inventory ensures it never runs out of medications and supplies. Inventory managers must track and monitor usage and expiration dates and place fresh orders accordingly. Good inventory management will ensure that a hospital can always care for its patients.
Implementing a software platform is one of the most important things to do in healthcare inventory management. The software must be purchased from a reputed company in the healthcare software industry. This software platform will streamline all the inventory management activities, namely, tracking usage and expiration dates, ensuring adequate quantity, placing fresh orders, monitoring shipping, etc.
With an inventory management system, some of the best practices to manage healthcare inventories include –
The healthcare industry includes organizations that offer medical care (hospitals and clinics), pharmaceutical companies and pharmacies, lab testing and radiology centers, and research organizations.
Inventory allows these organizations to run their everyday operations and serve their stakeholders. It involves all the medications, supplies, equipment, instruments, devices, spare parts, and so forth for hospitals. For pharmacies, it is the drugs; for pharmaceutical companies, it is the raw materials required to research and manufacture drugs; for research organizations, it can involve various drugs, biological specimens, tissue cultures, viruses, and bacteria samples, among others, to carry out research.
Inventory management ensures that these organizations always have what they need to function and serve their stakeholders. Moreover, with a good software platform, they can ensure that they won’t overstock, understock, or use expired items for their operations. Needless to point out, this will ensure optimal use of money and resources while ensuring operational efficiency, accountability, and profitability.
Inventory management ensures that a hospital is always equipped to serve its patients. Hospitals often need drugs, medical supplies, equipment, instruments, devices, etc. However, hospitals must ensure that they always have these things. This is where managing inventory comes into play. Managing inventory involves tracking every single item and its quantities in stock. Furthermore, tracking their usage and identifying which ones are low in quantity or nearing expiration and need to be ordered.
Good inventory management ensures that a hospital always has supplies to treat patients cost-effectively. In other words, it avoids overstocking, understocking, and delays in shipping and ensures financially-viable operations. Inventory management is vital for all the stakeholders involved.
