Building on-site pharmacies for 340B covered entities

Get in Touch

Who we serve:

The future of 340B pharmacy is clinic owned, vendor operated.

cody

Meet Cody

CEO Equality Health Group

2 of 3

Federal grantees are exploring on-site pharmacy

12K+

Expected number of new on-site in the next 3 years

< 12

Average months ROI playback period

Our Partners

equality health group
community care resurces of FL
alive and well
raphael health center
the center

The Alchemy Platform

We provide you with the physical, clinical, and digital infrastructure to power your on-site pharmacy end-to-end while maintaining full ownership control.

Physical

On-site pharmacy

We set up your clinic-owned pharmacy from scratch. Starting with the ROI analysis of on-site vs. contract pharmacy, to evaluating your space, physical buildout, board of pharmacy application and inspection, wholesaler and PBM contracts, pharmacy staffing, volume ramp. We’ve got you covered every step of the way, while you retain control and ownership of your pharmacy.

01

women in window

Clinical

Clinical pharmacy programs to expand your clinic’s reach

We offer a range of clinical pharmacy programs and services to expand the reach of your patient population. Mobile testing clinics deployed into your community to test for STDs, HIV and HepC can boost your patient volume 1.8X and significantly increase the size of your 340B program.

02

man with ipad
women with phone
car

Digital

White-labeled digital patient experiences

We provide your pharmacy all the digital tools and dashboards to efficiently operate your pharmacy. We extend your clinic’s brand by offering modern and white labeled digital pharmacy experiences that delight your patients and improve the NPS of your clinic’s brand.

03

dashboard

A digital hub for your clinic

We power the entire digital experience for your providers, pharmacy staff and patients

phone

Deliver a modern and delightful pharmacy experience for all your stakeholders

mobile
mobile

Seamless 2-way Messaging

Communicate with your patients over seamless and secure 2-way SMS/text messages to manage new prescriptions or refills.

messagemessages

Flexible delivery options for your patients

Coordinate a pickup, arrange for courier delivery, print a shipping label all from a centralized dashboard.

order
order

Monitor your 340B performance in real-time

A centralized dashboard with powerful analytics and customer reporting to manage and monitor the performance of your entire 340B program. You benefit from immediate and actionable insights to maximize the performance of your program

perscription

Rx Dispensed

analysis

ROI Analysis

folder health

EHR Feeds

purchases

Wholesaler Purchases

document

Rx Claims

reimbursement

PBM Reimbursement

tpa

TPA Feeds

benchmarks

Industry Benchmarks

briefcase

Contract Pharmacy

auditing

Automated Claims Auditing

dashboard

Customer Spotlight

woman

Customer Spotlight

From on-site pharmacy launch to ROI breakeven in under 10 weeks

Learn how Equality Health Group set up an on-site pharmacy in 12 weeks and achieved ROI breakeven 10 weeks post launch with the Alchemy platform. Now, EHG is scaling and expanding the reach of their 340B program - growing revenue to nearly 5X the size of their previous contract pharmacy relationship.

Read Our Case Study

12

Weeks to launch

65

Days to ROI breakeven

4.8X

RX volume increase

170%

Monthly revenue increase

Pick the right pharmacy operating model for your clinic

The 340B market is evolving rapidly and it’s time to take control of your own destiny with a clinic-owned, vendor-operated on-site pharmacy.

Clinic-Owned,
Clinic-Operated

Clinic-Owned,
Vendor-Operated

Vendor-Owned,
Vendor-Operated

Contract
Pharmacy

Setup Time to Launch

18+ months

< 6 months

12 months

3 months

Initial Setup Costs

$35K - $175K

$0*

Varies

-

Upfront Drug Inventory Costs

$60K - $225K

$0*

N/A

N/A

Pharmacy Staffing Cost

1 Full Time Pharmacist
on Day 0

Cost-plus pass through on pharmacist cost post launch

N/A

N/A

Flexible Financing Options

N/A

N/A

N/A

Protection Against Drug Manufacturer Restrictions

Administrative Fees

$0

% of Revenue

5-35% of 340B net savings, fee varies by drug class

12-65% of 340B net savings

Dispense Fees

N/A

$0

-

-

TPA Fees

$0

-

-

-

Patient, Provider, Pharmacy Digital Hub

Additional Clinical Services

* Eligibility for flexible financing options is determined based on a comprehensive RX analysis. We perform this analysis free of charge for all our prospective partners.

The Alchemy
Process

Here is a representative process and timeline for a typical on-site pharmacy buildout and launch with Alchemy. Note that actual timelines will vary significantly based on your physical buildout, board of pharmacy timelines in your state, PBM and health plan in-network timelines.

STEP 1

Rx Analysis

We analyze the prescription data from your EMR to determine the capture rate and return on investment for your on-site pharmacy. This analysis is completely free, and can be done with a simple BAA.

STEP 2

Design and Build Your Pharmacy

We visit your clinic and designate a space, determine the design of your pharmacy, outline a plan for construction, establish a timeline, and begin the process.

STEP 3

Acquire All Licenses and Permits

We complete the Board of Pharmacy and DEA applications and inspections. Then we complete other necessary applications, including the NPI, NCPDP, MPN, and PTAN. We also update your insurance to include an on-site pharmacy.

STEP 4

PSAO and Wholesaler Accounts

We establish necessary Pharmacy Services Administrative Organization (or PSAO) and wholesaler contracts for a 340B account and a non-340B accounts, with preferred pricing and and contract terms to save you money and time.

STEP 5

PBM Contracts

We submit any Pharmacy Benefit Manager (or PBM) applications that are not already covered in the PSAO. These may include Express Scripts, MedImpact, Humana, Caremark, Optum, Prime, and state Medicaid plans.

STEP 6

Training and Preparation for Launch

We hire your pharmacy personnel and prepare them for launch by facilitating pharmacy software installation and training. We also assure that pharmacy personnel complete any other trainings required by your facility, PBM contracts, and as outlined in Policies and Procedures.

STEP 7

Pharmacy Launch and Clinical Program Exploration

Your pharmacy begins filling prescriptions through the pharmacy, with the volume filled ramping as PBM contracts are executed. We also explore & design clinical programming opportunities to find, enroll, and treat patients in need of care in your community.

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FAQs

What clinical pharmacy services does Alchemy provide?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

Can Alchemy do an ROI analysis for our location?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

Does my location meet the physical space requirements for an on-site pharmacy?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

Does Alchemy offer consulting services?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

What if you cannot afford the initial pharmacy buildout cost?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

How much does it cost to set up a pharmacy?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

What does Alchemy charge?

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

The field of pharmacy is dynamic and continually evolving, with new technologies, therapies, and practices shaping the landscape. In the Knowledge Center 340 program, pharmacy students gain insights into emerging trends that are reshaping the way pharmacists deliver care.

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