CaptureRx

CaptureRx is a 340B solution designed to assist hospitals, health centers, and pharmacies in reducing drug prices on eligible prescriptions, ensuring compliance with 340B guidelines, and streamlining the management of the 340B program. According to the vendor, CaptureRx caters to organizations of all sizes in the healthcare industry, including hospitals, health centers, pharmacies, managed care organizations, and third-party administrators.

Key Features

Cloud-based convenience: CaptureRx offers a cloud-based platform called Cumulus® that provides access to the 340B program management tools. Users can access the platform from anywhere with an internet connection, allowing for easy management and monitoring of the 340B program.

Built-in audit trail: The Cumulus® platform includes a built-in audit trail that tracks every claim, including pill and patient details. This audit trail is said to help ensure compliance with 340B guidelines and provides the necessary documentation for audits and reporting.

98-day average implementation: According to the vendor, CaptureRx boasts an average implementation time of 98 days, allowing organizations to quickly start benefiting from their 340B program. Their implementation team and processes aim to streamline the implementation process.

CaptureCard® program: CaptureRx offers the CaptureCard® program, which allows covered entities to share 340B savings with their patients. This program is intended to improve medication access and adherence by providing lower-cost prescriptions to patients in need.

Fully-automated process for inventory replenishment and deposit of funds: CaptureRx's Cumulus® platform automates the process of inventory replenishment and depositing of funds for the 340B program. This automation aims to reduce manual work and streamline the financial management of the program.

Extensive pharmacy network with more than 4,100 relationships: According to the vendor, CaptureRx has an extensive pharmacy network with over 4,100 relationships, offering organizations more choices for their 340B program. This network includes some exclusive relationships, providing additional options for covered entities.

Personal support from an assigned account manager: CaptureRx provides personal support to health centers through assigned account managers. These account managers are dedicated to helping health centers achieve their program goals and provide assistance with everyday questions and program management.

Direct deposit of 340B savings: CaptureRx enables direct deposit of 340B savings, aiming to reduce the hassles associated with manual handling of funds. This feature is intended to streamline the financial management of the 340B program and ensure timely access to savings.

Simplified financials and invoicing: CaptureRx's solution for retail pharmacies simplifies financials and invoicing for managing multiple 340B covered entities and administrators. This streamlined process aims to reduce complexity and improve financial management for retail pharmacies.

Central fill: CaptureRx's solution for retail pharmacies includes central fill capabilities, allowing for optimized inventory management. Retail pharmacies can benefit from automatic replenishment and remediation with covered entities, aiming to improve efficiency in managing the 340B program.