HB 517 Signed: 340B Virtual Drug Inventory Enactment

CaptureRx® announces Florida Governor Scott signed House Bill 517 on April 6, 2012, which allows pharmacies to leverage virtual drug inventories for 340B drug program participation. A separate physical drug inventory will no longer be required per the legislation’s enactment. As confirmed to CaptureRx® by Mike McQuone, R.Ph., M.S., C.Ph., Executive Vice President and Chief Executive Officer, Florida Society of Health-System Pharmacists, Inc., HB 517 is expected to amend Chapter 499 Florida Drugs, Devices and Cosmetics Program. The Department of Business and Professional Regulations (DBPR) will notice rule development for 61N-1 (Florida Administrative Code) deleting the requirements for the separate physical inventory.

What this Means for Safety Net Providers

The 340B drug program will function more smoothly for eligible clinics and hospitals as this vital, dynamic plan provides access for patients in need. CaptureRx® is the market leader with compliant, auditable 340B administration that is seamless, transparent, fully integrated and automatic utilizing CUMULUSTM — the proprietary system leveraging web-based technology, only from CaptureRx®.

Contract Agreements: Uniting Providers and Pharmacies for Patients

CaptureRx® does the work for eligible hospitals and clinics to implement contract agreements, uniting health centers and pharmacies quickly and easily for better patient care, while CUMULUSTM tracks, reports, orders, fulfills and remediates in the background — no dedicated staff required, no up-front cost or commitment. It just works.

CaptureRx® offers an immense network of independent, chain, and regional pharmacies across the Florida such as Walmart, Safeway, Kroger/Tom Thumb, and more. The company is excited about this important legislative change in Florida, and offers its superlative services, leadership and knowledge to you. With CaptureRx®, it is all about the patient; it’s how we are Expanding HealthcareTM every day.

Resources:

Florida Society of Health System Pharmacists
Florida HB 517

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