340B & Data Management Best Practices

Cloud340B and Data Management Best Practices

RCTECH Solutions Inc helping many leading organizations to successfully complete their data Integration projects within their budget and greater efficiency. By using our data integration solutions, our customers benefit from a highly secure, scalable and flexible foundation with all of the capabilities required for creating and managing data integration efforts both inside and outside of the organization.

In a nut shell, Data Quality is a process that helps the business to deliver what market expects,  meets business imperatives such as Customer Service, Regulatory Compliance, Operational Effectiveness and minimizes the risk.  An effective data quality process makes the data as an enterprise asset.

Author Larry P.English provides an in-depth view of data and information quality in his book.  His definition for Data Quality is "the degree to which information consistently meets the requirements and expectations of the knowledge workers in performing their jobs".

Also J.M.Juran defines as "Data are of high quality if they are fit for their intended uses in operations, decision making and planning". 

The 340B Drug Discount Program is a U.S federal government program created in 1992 that requires drug manufacturers to provide outpatient drugs to eligible health care organizations/covered entities at significantly reduced prices. The intent of the program is to allow covered entities to "Stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services." Maintaining services and lowering medication costs for patients is consistent with the purpose of the program, which is named for the section authorizing it in the Public Health Service Act (PHSA) - Thanks Wikipedia