2021 Best In KLAS 340B Management Systems 3 or More Covered Entities

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Trend

Culture

Loyalty

Operations

Product

Relationship

Value

The Best in KLAS report recognizes software and services companies who excel in helping healthcare professionals improve patient care. All rankings are a direct result of the feedback of thousands of providers over the last year. A Best in KLAS award signifies to the healthcare IT industry the commitment and partnership that the top vendors should provide. Read the report to see the top-rated medical software and services for 2021. Watch sessions from our first-ever virtual Best In KLAS Award Show to hear from the winning vendors in each segment. View Awards Show Recordings

Decision Insights

340B Decision Insights 2020

22 January 20 | Jackson Tate and Sam Eaquinto

The 340B program is considered a critical savings opportunity for covered entities and their contracted pharmacies, and over the past couple of years, KLAS has noted an increase in provider organization purchase decisions in the third-party administrator space. Some organizations are putting out RFPs because their current contracts are ending, but many others are seeking out solutions to fill the functionality and service gaps of their current 340B vendor. Newer market entrants, such as PSG and RxStrategies, represent additional options to consider alongside the already-established market players. While organizations continue to look for new technology and functionality in potential vendor partners, factors like service, support, and relationships have proven to be key to long-term customer success.

Enterprise medication inventory management (MIM) can create substantial efficiency gains and financial savings, but the reality today is that no pharmacy or EMR vendor delivers the full visibility hospitals need. Even those vendors furthest down the path lag behind the inventory capabilities found in other industries, such as retail and manufacturing. To highlight which vendors have made progress and where gaps still remain, this report compares the reality of each vendor’s MIM offering with the full spectrum of capabilities required for true enterprise MIM. Additional findings are also highlighted in two areas that impact MIM—automated dispensing cabinets and medication kit/tray management solutions.

2021 Best in KLAS 340B Management Systems (3 or More Covered Entities)

2021 BEST IN KLAS

SOFTWARE

GLOBAL

Segment Winner

Ranked Vendors (Shown in alphabetical order by vendor)

Exceptions

Limited Data / Other Products

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Past 340B Management Systems Awards

2021 Best in KLAS 340B Management Systems (3 or More Covered Entities)

2021 BEST IN KLAS

SOFTWARE

GLOBAL

Segment Winner

Ranked Vendors (Shown in alphabetical order by vendor)

Exceptions

Limited Data / Other Products

Want more insights into this segment?

Past 340B Management Systems Awards

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