MedMatrix provides a software platform that helps covered entities optimize their 340B drug pricing program, turning it into a reliable revenue source while maintaining full regulatory compliance. The solution offers real-time monitoring, audit‑ready documentation, and strategic pharmacy networks to capture missed savings, enabling healthcare providers to focus on patient care rather than administrative burdens. Clients typically recover millions of dollars in previously uncaptured 340B savings.
Funding
Funding not disclosed
Founders
Product
Problem
Covered entities participating in the 340B drug pricing program often miss eligible discounts due to fragmented pharmacy networks and complex compliance requirements, resulting in lost revenue and administrative strain.
Solution
MedMatrix provides a managed service that connects covered entities to a strategic network of pharmacies and specialty providers, ensuring that every eligible 340B discount is captured. The platform continuously monitors program activity in real time and generates audit‑ready documentation to maintain compliance with federal regulations. By automating eligibility verification, claim reconciliation, and reporting, MedMatrix reduces the administrative burden on staff and mitigates regulatory risk. The resulting increase in recovered savings can be redirected to expand patient services and support organizational growth.
Target Audience
Primary customers are hospitals, health systems, and other covered entities that operate 340B programs and seek to maximize savings while maintaining regulatory compliance.
Features
- Integrated network of pharmacies and specialty clinics that automatically routes eligible prescriptions to capture 340B discounts
- Real‑time compliance dashboard with alerts for eligibility issues and audit‑ready documentation generation
- Automated claim reconciliation and reimbursement tracking to eliminate manual processing errors
- Data analytics that quantify uncaptured savings and project revenue impact for each entity
- Managed service model with no upfront fees, aligning MedMatrix’s compensation with measurable savings outcomes