340B Specialty Pharmacy Funding Strategies

This guide outlines the process for funding onsite specialty pharmacies within 340B hospitals. It begins by emphasizing the importance of optimizing the 340B program to ensure that clinics writing specialty prescriptions are eligible. The document details the steps involved in establishing a specialty pharmacy network, including considerations for 340B therapies and qualification rule sets. It presents a structured approach to launching a specialty pharmacy, which includes seeking inclusion from pharmacy benefit managers (PBMs) and navigating manufacturer restrictions. The guide also discusses the financial benefits of onsite specialty pharmacies, highlighting their potential to generate significant revenue compared to traditional retail pharmacies. Additionally, it addresses the importance of improving medication adherence among patients and facilitating clinical research. Best practices for successful specialty pharmacy operations are also summarized, focusing on the need for strong relationships between pharmacists and providers, as well as integration with health system technology.