Our Core Services

Healthcare Consulting

OSP's team of experienced healthcare experts offers quality healthcare consulting services for providers and health plans. Our team includes experts on enterprise health technology platforms, US government programs, digital innovation, and business operations.

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Enterprise Applications

OSP is proficient and experienced in building robust enterprise applications to address your complex and sophisticated software needs and execute your digital transformation lifecycle. We have comprehensive customized tools to solve your healthcare challenge.

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Healthcare Solutions Enhancement

Optimizing the healthcare system is essential for better productivity and quality performance. OSP's team of healthcare app developers can enhance and upgrade the IT healthcare solutions in modules, security, or interoperability sections with new custom components.

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Dedicated Quality Assurance

OSP’s QA team can resolve the challenges of disrupted workflow and application safety. We offer assurance in product quality with multiple levels of quality testing, including usability, performance, localization, and security testing.

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Explore 340B Inventory Management

340B drug procurement and inventory tracking are essential components of healthcare management, particularly within the context of the 340B program. OSP’s custom 340B inventory management software involves systematically acquiring medications from eligible manufacturers and overseeing inventory levels within the designated hospital inventory management system. Our experts at OSP focus on creating a system that meticulously tracks inventory levels so healthcare entities can ensure compliance with the stringent requirements of the 340B program.

Our solutions aim to expand access to affordable medications for eligible patients. OSP’s custom 340B inventory management software offers efficient procurement practices that facilitate timely medication replenishment and optimize inventory turnover rates. This approach can ensure that healthcare facilities can meet the needs of their patients while operating within the program’s guidelines.


OSP has helped vendors and organizations participating in the 340B inventory management program build a system that ensures compliance with 340B guidelines and practices. Our cloud-based inventory management system solutions can be designed to maintain multiple inventory centers, as an inventory management system software must be capable of assimilating dispersed inventories into the pharmacy management workflow.

This system can also be customized to support direct Electronic Data Interchange (EDI) interfaces. It enables the inventory and order management system to connect to suppliers directly and instinctively download and access their updated directories. It can also be integrated with other 340B management systems, such as auditing, reporting, supply chain, etc., for data exchange and identifying best practices to ensure compliance.


Our team of experienced developers and engineers can help design 340B solutions that can help identify patients eligible for the 340B program. OSP’s engineered 340B database system can be integrated with other databases where the data of 340B eligible patients is stored. We can ensure that drugs obtained under the 340B program are restricted to outpatient use and given to individuals who meet the existing patient classification requirements.

When an individual applies for 340B drugs, it can be designed to explain why that individual is eligible for the use of the drugs on an outpatient basis and display records that can establish compliance with 340B program requirements. OSP addresses challenges in the current scenario by offering an empowering and user-friendly clinic inventory management system designed to simplify the process of medication dispensing, management of inventory, and sales-related processes.


Split-billing, a process where a single prescription is divided into two separate claims, is a critical aspect of managing drug procurement and inventory within the 340B program framework. OSP’s tailored 340B split-billing software solutions involve implementing split-billing functionalities to differentiate between 340B and non-340B drug purchases within the medical inventory management system. OSP’s 340B prescription management system can accurately segregate these transactions, healthcare entities can ensure proper documentation of 340B eligibility and maintain compliance with HRSA guidelines and 340B program regulations.

Additionally, our 340B software development solutions inventory reconciliation enables the tracking of drug dispenses, transfers, and returns, facilitating the creation of audit trails to demonstrate adherence to program requirements. OSP’s meticulous approach ensures transparency, accountability, and compliance throughout the procurement and inventory management processes.


OSP can assist healthcare providers in building audit software, such as an inventory control management system, which covers all the dimensions of 340B program compliance. It also provides an understanding of areas where the program performance can be enhanced and improved. OSP’s 340B audit & compliance services will focus on 340B policies and procedures for comprehensiveness and uniformity and automatically update the changes to any policy and guideline.

Our 340B solutions compare the actual 340B program inventory implementation and information regarding the accumulation of 340B data and supplementary purchasing and inventory management practices. Our automation techniques are deployed toward efficient inventory management through the incorporation of barcodes that meet compliance requirements. Inventory processes are infused with efficiency through process-flow automation of stocking, numerical balances, monitoring and tracking, warehouse stock manifests and dispensing updates.


A solution can be designed and developed based on predictive analysis. It can create competencies through hospital management supply chain optimization. OSP’s 340B software solutions use a combination of patient and clinical data, enabling hospital staff management and healthcare providers to predict the probability of certain consequences, eventually providing more personalized care to 340B program patients. Modern technologies can be leveraged to integrate and automate pharmacy operations.

Our tailored pharmacy inventory management system can provide real-time visibility into inventory purchasing, like classifying medicine quantities across locations and forestalling upcoming shortages. Automation will also improve and enhance processes and create efficiencies, eradicating burdensome inventory management responsibilities that can result in high 340B costs and human errors. Vendors and wholesalers are accounted for through the extension of modules to all related parties. The entire process of managing inventory is accelerated and increased in terms of productivity.

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340b Software Development Services


End-to-End 340b Software Platform Development Services

  • Compliance With The Prevailing 340b Regulations
  • A Single Consolidated Platform For End-To-End 340b Management
  • Comprehensive Testing To Ensure hipaa compliant software development
  • Function For Inventory Management And Tracking, Along With Placing Fresh Orders
  • Fast And Seamless Implementation Of Existing Systems

Design and Development of Cloud-Based 340b Inventory Management Solution

  • A user-friendly interface for the best user experience
  • healthcare cloud solutions With Scalable Database To Suit The Requirement
  • Feature to prevent duplicate or redundant discounts
  • Comprehensive Data Audit Features For A Total Of 340b Compliance Software
  • End-to-end management of eligibility validation

Development of 340b Inventory Management Software

  • Complete transparency into relevant data and savings
  • Round-the-clock access to the web portal
  • Reliable customer support for business continuity
  • Feature for the formulation of plans for uninsured patients
  • Aggregated dashboard for inventory management and replenishment

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Success Stories

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Frequently Asked Questions

The Public Health Service Act contains Section 340B. This stipulates pharmaceutical companies who participate in Medicaid to sell outpatient drugs at discounted prices to medical organizations that provide care for uninsured or low-income patients. If a healthcare facility is eligible for this program, it must apply and receive approval for the 340B Drug Program. After enrolment, that organization can purchase outpatient medications at the discounted prices set by the stipulation.

Strategies for managing 340B billing software include implementing split-billing for accurate segregation, integrating with pharmacy systems to track 340B-eligible prescriptions, conducting regular audits to ensure compliance, optimizing procurement processes, and utilizing data analytics to monitor inventory levels and usage patterns for efficient management within the program.

A 340B inventory is composed of outpatient drugs purchased by healthcare organizations eligible for the 340B program. Such organizations purchase the drugs at discounted prices as they provide medical services to low-income and uninsured patients.

The 340B inventory integration consists of outpatient drugs purchased at discounted prices for pharmaceutical companies. The companies must offer the drugs at lowered prices to healthcare organizations that provide services to poor and uninsured patients. In other words, the 340B inventory compliance provides outpatient care for patients who lack insurance or cannot afford medical care.

Healthcare organizations need medical inventory to provide care for patients. The inventory might include medication, gloves, syringes, scrubs, etc. The bigger a hospital gets, the more patients it needs to see. So, a hospital or clinic must always be equipped to serve patients. That is where inventory management comes into play. Managing a medical organization’s inventory ensures it never runs out of medications and supplies. Inventory managers must track and monitor usage and expiration dates and place fresh orders accordingly. Good inventory management will ensure that a hospital can always care for its patients.

The best practice management for healthcare inventory management involves implementing an integrated inventory management system that utilizes automation, barcode technology, and real-time tracking to monitor stock levels accurately. Regular audits, demand forecasting, and collaboration between departments ensure efficient inventory control, minimize waste, and optimize patient care delivery.

Concerns in healthcare inventory management include maintaining accurate stock levels, avoiding stock outs or overstocking, managing expiration dates, preventing theft or diversion, and ensuring compliance with regulatory requirements. Additionally, integrating inventory systems with other hospital operations and optimizing procurement practices are ongoing challenges for healthcare organizations.

Hospitals maintain inventory through various methods, including automated inventory management systems, manual tracking, and periodic audits. They establish stock levels based on demand forecasting, usage patterns, and patient needs. Inventory is monitored, reordered when levels are low, and regularly reviewed to minimize waste and ensure timely availability of essential supplies and medications.

Inventory management is crucial in the healthcare industry to ensure timely availability of medications and medical supplies, minimize stock outs or wastage, optimize storage space, and control costs. Efficient online inventory management system enhances patient care by preventing treatment delays, reducing medication errors, and improving overall operational efficiency within healthcare facilities.

Inventory management ensures that a hospital is always equipped to serve its patients. Hospitals often need drugs, medical supplies, equipment, instruments, devices, etc. However, hospitals must ensure that they always have these things. This is where managing inventory comes into play. Managing inventory involves tracking every single item and its quantities in stock.

340B inventory management involves tracking and managing medications purchased at discounted prices under the 340B Drug Pricing Program. It ensures compliance, segregates eligible and ineligible purchases, and maintains audit trails. By optimizing inventory, healthcare organizations enhance patient access to affordable medications, improving overall care delivery.

340B inventory management software for healthcare enables healthcare facilities to segregate 340B and non-340B drug purchases, track inventory levels, and generate detailed reports. By automating processes and ensuring accurate documentation, the software helps facilities maintain compliance with 340B program management requirements, including HRSA guidelines and audit trail regulations.

Yes, 340B inventory management systems can integrate with pharmacy dispensing systems to track 340B eligible prescriptions. This healthcare integration allows for real-time identification and segregation of 340B eligible prescriptions at the point of dispensing, ensuring compliance with program requirements and accurate documentation of 340B utilization.

When evaluating 340B inventory management solutions, healthcare organizations should consider features such as split-billing functionality, inventory reconciliation capabilities, integration with pharmacy dispensing systems, robust reporting and analytics tools, audit trail management, and compliance with HRSA guidelines. These features ensure accurate tracking, compliance, and optimization of 340B program participation.

340B medical inventory management software tracks drug purchases by integrating with procurement systems, monitors inventory levels in real-time, and analyzes usage patterns through data analytics. The 340B management software enables healthcare organizations to optimize purchasing, minimize stockouts, and identify trends to enhance inventory management efficiency within the 340B program.

OSP’s custom 340B medical inventory management solution streamlines the procurement process by automating eligibility verification, facilitating direct purchasing from 340B-compliant manufacturers, and integrating with wholesalers. 340B inventory management software solutions ensure accurate segregation of 340B and non-340B purchases, streamlining ordering 340B inventory workflows automation and maximizing cost savings for eligible drugs within the 340B program.

Yes, OSP’s 340B inventory management software can manage inventory across multiple healthcare sites or locations. It offers centralized control and visibility, allowing for real-time tracking of inventory levels, usage patterns, and procurement activities across distributed sites, ensuring consistency, efficiency, and compliance with 340B program requirements.

OSP’s 340B inventory management software assists healthcare organizations in complying with audit requirements and reporting obligations by maintaining detailed audit trails, generating comprehensive reports, and providing customizable analytics tools. It ensures transparency, accuracy, and accountability, facilitating seamless adherence to the stringent regulatory standards of the 340B program management.

Healthcare organizations face challenges while managing 340B drug inventory management such as maintaining accurate eligibility records, managing split-billing complexities, ensuring compliance with program requirements, navigating inventory reconciliation issues, and optimizing procurement practices. Additionally, they must address integration challenges with pharmacy dispensing systems and cope with the evolving regulatory landscape of the 340B program.

OSP’s 340B inventory management software ensures compliance by automating eligibility verification, facilitating split-billing functionality with medical billing solutions, maintaining detailed audit trails, and generating comprehensive reports. It integrates with pharmacy dispensing systems, streamlines procurement processes, and offers real-time visibility into inventory levels, enabling healthcare facilities to adhere to 340B program requirements effectively.

Automation in 340B inventory app management system streamlines processes like eligibility verification, ordering, and reconciliation, reducing manual errors and saving time. These healthcare automation solutions can enhance efficiency by automating routine tasks, such as inventory tracking and replenishment, while ensuring accuracy in medication tracking through real-time data capture and integration with dispensing systems.

OSP’s 340B inventory management software aids in preventing diversion and misuse by maintaining strict controls and audit trails. It tracks drug dispensing and transfers in real-time, verifies eligibility at the point of dispensing, and generates comprehensive reports. This ensures accountability, transparency, and compliance with 340B program regulations, deterring unauthorized access or misuse.

Implementing OSP’s 340B clinic inventory management system offers healthcare organizations advantages such as streamlined procurement processes, enhanced compliance with program requirements, real-time inventory tracking, comprehensive reporting capabilities, and improved efficiency in medication management. It optimizes cost savings, reduces administrative burdens, and ensures transparency and accountability in 340B program participation.