SOURCE: 340B Prime Vendor Program

June 04, 2007 18:29 ET

The 340B Prime Vendor Program Adds Integrity Prescription Benefit Administrators to Its Growing List of Service Contracts for Participants

IRVING, TX--(Marketwire - June 4, 2007) - The 340B Prime Vendor Program, managed by HealthCare Purchasing Partners International® (HPPI) announced today that it has entered into a three-year agreement with Integrity Prescription Benefit Administrators to offer a unique pharmacy benefit administration solution to 340B covered entities participating in the 340B Prime Vendor Program.

Through this agreement, Integrity will enable PVP participants to control their prescription costs and claims processing needs. "We are pleased with being selected to bring our innovative solutions to such a vital program and its participants. Once patients meet the patient definition requirements, accessing 340B and PVP sub-ceiling pricing offers substantial cost savings opportunities," said Ted Levy, Vice President of Marketing.

A partial list of the highlights associated with Integrity's unique service offering includes:

--  Private label capabilities that enable entities to become their own
    virtual Pharmacy Benefit Manager (PBM)
--  PBM services that offer a "pay for what you use" fee structure
--  Ability to maximize 340B savings opportunities
--  Ability to maximize 340B sub-ceiling pricing opportunities
--  Comprehensive array of Medicare administration support services
--  Ability to enhance care and manage costs for patients using specialty
    drugs
--  340B focused plan designs that identify cost drivers and promote
    "patient" definition
--  Flexible and affordable claims processing platform that excels in 340B
    adjudication demands. Claims processing is also offered as a "stand-alone"
    offering
--  Special PVP Participant deep discounts available
    
"We are excited about the new opportunity with Integrity. They will be able to provide innovative solutions to many of our participants seeking to fully optimize the 340B drug pricing program with their eligible patient populations," said Chris Hatwig, senior director of the 340B Prime Vendor Program.

340B Prime Vendor Program

The Prime Vendor Program was established to increase the discounts already offered under Section 340B of the U.S. Public Health Service Act, providing low-cost drugs to clinics, hospitals and programs for low-income Americans. Over 12,000 providers across the country qualify to participate in the discount program at no cost, and more than 4,800 facilities are currently enrolled. HealthCare Purchasing Partners International, an Irving, Texas-based health care group purchasing organization co-owned by VHA Inc. and the University HealthSystem Consortium, administers the program. Visit the Section 340B Prime Vendor Program web site at http://www.340bpvp.com/ for more information about the program.

Integrity Prescription Benefit Administrators

The management team at Integrity has been involved with the management of 340B hospital pharmacy programs and specialty drug solutions since 1998. For more information about Integrity Prescription Benefit Administrators please contact Ted Levy directly at (314) 276-0226 or 888-688-4722, tlevy@integritypba.com.

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