In 2019, Rhode Island-based Thundermist Health Center celebrated its 50th year of operation. Recognized as a statewide primary care leader, the federally qualified health center serves over 48,000 patients per year at three locations across the state and employs 148 family medicine, dental, and ancillary care providers. Thundermist also has over 50 contract pharmacies as a part of its 340B program.
As a high percentage of its patients are uninsured or underinsured with insurance that has poor prescription coverage, the 340B program greatly contributes to how Thundermist Health Center is able to care for its patients.
“We're able to do two things with our 340B program. Number one: Generate revenue that can go back into patient care. That's the most important thing for us. Number two: It gives us the freedom and the ability to help patients pay for their medications when they have trouble,” explained Corinne Hill, Compliance Officer for Thundermist.
Covered entities (CEs) - also known as 340B program participants - may include "referral prescriptions" - prescriptions written by referral physicians who are not employed by the CE - in its 340B operations. par8o's 340B Referral Capture helps CEs like Thundermist capture these referral prescriptions to maximize revenue, helping CEs provide additional care to their population.
After just six months of using Par8o, Thundermist has captured an additional 750 new claims, an increase of 25%.