Chicago - December 11, 2013 - The Healthcare Financial Management Association (HFMA) recently reviewed Walgreens 340B Complete® using the Peer Review process. After undergoing the rigorous review, Walgreens 340B Complete has been awarded the “Peer Reviewed by HFMA®” designation.
Walgreens 340B Complete includes a wide range of pharmacy and management services that help hospitals, health centers, clinics and other 340B covered entities provide uninsured and underinsured patients access to affordable prescriptions and medication counseling in an efficient and compliant manner.
“Earning HFMA’s Peer Reviewed designation is confirmation of Walgreens long-standing commitment to providing comprehensive solutions for low-income and vulnerable patients,” said Mike Ellis, corporate vice president of Walgreens Specialty Pharmacy and Infusion Services. “Walgreens 340B Complete helps to alleviate the challenges of implementing and administering this important program, which enables healthcare providers to maximize pharmacy savings and control costs.”
HFMA's Peer Review process provides healthcare financial managers with an objective third party evaluation of products and services used in the healthcare workplace. The rigorous, eleven-step process includes a Peer Review panel review comprised of current customers, prospects who have not made a purchase, and industry experts. Peer Review status of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
“HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have met a rigorous screening process,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps members and others identify and evaluate products and services that their organization may need. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services."
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 40,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is the indispensable resource for healthcare finance.
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion, Walgreens vision is to become America’s first choice for health and daily living. Each day, Walgreens provides more than 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services help improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Walgreens operated 8,677 locations in all 50 states, the District of Columbia, Puerto Rico, Guam and the U.S. Virgin Islands. That includes 8,197 drugstores, 140 more than a year ago, including 59 net stores acquired over the last 12 months. The company also operates infusion and respiratory services facilities, specialty pharmacies and mail service facilities. Its Take Care Health Systems subsidiary manages more than 750 in-store convenient care clinics and worksite health and wellness centers. .