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Meet Cody
CEO, Equality Health
We provide you with the physical, clinical, and digital infrastructure to power a best-in-class on-site pharmacy experience for your patients.
We set up your clinic-owned pharmacy from scratch. Starting with the ROI analysis of on-site vs. contract pharmacy, to evaluating & designing your space, physical buildout, board of pharmacy application and inspection, licenses, wholesaler and PBM contracts, pharmacy staffing, volume ramp. We’ve got you covered every step of the way, while you retain full control and ownership of your pharmacy.
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We design and deploy clinical pharmacy programs with you to maximize the potential of your in-house pharmacy and extend the reach of your patient population well beyond the four walls of the physical pharmacy. Whether through mobile clinics testing at-risk individuals for Hepatitis C and HIV, establishing care linkages to your pharmacy, or integrating with community health programs to remove access barriers, Alchemy is your partner in advancing the public health mission of your 340B program.
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We provide your pharmacy all the digital tools to efficiently monitor and scale your on-site pharmacy program. We extend your clinic’s brand by offering modern and white-labeled digital pharmacy experiences that delight your patients, keep them retained to care, and an operating system to optimize both outcomes and incomes for your program.
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Oklahoma City, OK
Oklahoma City, OK
Oklahoma City, OK
We power the entire digital experience for your providers, pharmacy staff and patients. Deliver a delightful pharmacy experience for all your stakeholders, with your brand front and center.
Beyond the physical touchpoints, communicate with your patients over seamless and secure 2-way SMS, rich messaging, and telepharmacy to meet them where they are.
Coordinate a pickup, arrange for courier delivery, print a shipping label, all from a centralized dashboard.
When you launch your entity-owned pharmacy, your on-site asset will become the center of gravity of your entire 340B program. We're architected to accelerate this transition, and give you full 360 visibility on your program's impact.
Rx Dispensed
ROI Analysis
EHR Feeds
Wholesaler Purchases
Diagnostic Tests
PBM Reimbursement
Adherence Monitoring
Industry & Peer Benchmarks
Contract Pharmacy
Automated Claims Auditing
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Learn how Equality Health Group set up an in-house pharmacy with 99% PBM in-network status in just 9 weeks and achieved ROI breakeven 12 weeks post-launch with the Alchemy platform to immediately increase net revenue by 30%. Now, EHG is expanding the impact of its in-house pharmacy beyond the 4 walls, and on track to grow revenue nearly 3X its previous contract pharmacy relationships.
Read Case Study
Weeks to full PBM in-network
Days to ROI breakeven
RX volume increase
Net revenue increase
The 340B market is evolving rapidly and it’s time to take control of your own destiny with a clinic-owned, vendor-operated in-house pharmacy.
Setup Time to Launch
18+ months
< 4 months
12 months
3 months
Initial Setup Costs
$35K - $175K
$0*
Varies
-
Drug Inventory & Startup Cash Reserves
$500K - $3M
$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
12-65% of 340B net savings
Dispense Fees
N/A
$0
Variable, to $2500+ for specialty Rx
Variable, to $2500+ for specialty Rx
TPA Fees
$0
$0
Variable
Variable
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.
Here is a representative process and for a typical in-house pharmacy buildout and launch with Alchemy. Note that actual timelines will vary based on your physical buildout, board of pharmacy timelines in your state, and if there are extended PBM in-network timelines based on your location.
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.
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.
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.
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.
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.
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.
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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Yes. Alchemy takes your prescription data (ideally for an entire year) and performs a ROI analysis completely free of charge. Our goal is to give you the data you need to make an informed choice about opening an on-site pharmacy.
Alchemy provides flexible financing options that will address any build-out costs for you up front (e.g. construction, staffing, pharmacy inventory). In fact, we take care of all expenses as needed until your pharmacy is open and has built up enough cash reserves to become self- sustaining!
The physical requirements for a pharmacy are state specific, and may include square footage requirements, hot/cold running water, and a dedicated counseling space, among others. The Alchemy team will review the requirements for your state very early in the process. Then we will visit your location and help you with designing your space to meet the requirements.
We do not provide consulting services. However, we provide a detailed ROI analysis free of charge to determine the profitability for your on-site pharmacy. We also provide the general steps to opening a pharmacy on our website. However, we know that many FQHCs and STD clinics are under-resourced and at times understaffed. We also know that the cost of opening a pharmacy in both time and money is cost prohibitive given we estimate most small to medium clinics require at least $500,000 to $3 million dollars in cash. Alchemy provides all the financial support to launch the pharmacy if required.
Alchemy firmly believes in doing whatever it takes to provide the best possible care for our pharmacy patients. This can come in many forms, and may include MTM, immunizations, detailed patient counseling for specialty medications, laboratory reviews and suggestions for changes to medication as needed. It may also mean finding ways to engage with patients regarding their social needs that may prevent them from taking medications as prescribed.
Outside the pharmacy, we are most interested in helping find patients in need of treatment within the community, and overcoming all of the challenges that have prevented them from getting treated previously. This will involve meeting patients where they are in the community and overcoming barriers that prevent them from getting care.
