Federally Qualified Health Centers (FQHCs) care for underserved communities, often operating on tight budgets. Delivering affordable, accessible, and efficient healthcare is key to improving patient outcomes and maintaining financial viability. One of the ways FQHCs can reduce the total cost of diabetes care while driving revenue is by using a blood glucose meter (glucometer) covered under 340B pharmacy program benefits.
This article explains how FQHCs can use Tenovi’s Cellular Gateway with Trividia Health’s TRUE METRIX® AIR blood glucose meter, covered under pharmacy benefits and 340B programs, to streamline diabetes management while saving on overall diabetes care costs and driving new revenue.
A Blood Glucose Meter Covered by Pharmacy Benefits and 340B Programs
Tenovi has partnered with Trividia Health to offer the TRUE METRIX AIR blood glucose meter, the most cost-effective solution widely covered by U.S. insurance plans, including Medicare, Medicaid, and 340B pharmacies. This partnership allows FQHCs to leverage the most affordable, insurance-covered blood glucose meter to reduce the cost of diabetes care for patients and their organizations.
The 340B Program is a solution that allows FQHCs and other eligible healthcare organizations to purchase prescription drugs and medical supplies at significantly reduced prices. For FQHCs, this means that most patients can receive free or low-cost Trividia glucometers and testing supplies under the 340B pharmacy program. This drastically reduces the cost of diabetes management while improving access to essential health services for underserved populations.
Why It Matters for FQHCs and Pharmacies
Cost-effective solutions are essential to maintaining high-quality patient care while minimizing operational costs. Using the TRUE METRIX AIR and Tenovi’s Cellular Gateway, FQHCs can cut the cost of diabetes care in the following ways:
Reduce Device and Supply Costs
The combination of Trividia’s affordable blood glucose meters and Tenovi’s Cellular Gateway creates one of the most cost-effective remote patient monitoring (RPM) solutions available. Due to the 340B pharmacy program, FQHCs can purchase these devices and supplies at significantly reduced prices, which benefits both the patients and healthcare FQHCs.
Insurance and 340B Coverage for Supplies
Trividia’s test strips and lancets are widely available and covered under most insurance plans, including 340B pharmacies. This helps ease the financial burden on both patients and FQHCs, allowing for better adherence to diabetes management programs. Patients under the 340B program can access these supplies at a fraction of the typical retail cost.
Unlock New Revenue Streams
As of January 2024, providers in FQHCs are eligible to bill for remote health monitoring services under care management code G0511. The cost savings from the 340B program, combined with the opportunity to bill for RPM services, creates a new revenue stream that could bring significant financial benefits—up to $440,000 annually for every 500 patients enrolled in a remote monitoring program. Pharmacies working with FQHCs under the 340B pharmacy program stand to benefit from greater utilization of covered supplies.
Seamless Connectivity: No Syncing. No Apps. No Hassle.
Tenovi’s Cellular Gateway eliminates the need for patients to rely on Wi-Fi or mobile phones to transmit blood glucose readings. The TRUE METRIX AIR, integrated with Tenovi’s Gateway, sends real-time data to healthcare professionals, streamlining the remote monitoring process for FQHCs by aggregating all data into Tenovi’s Cloud platform or a health system RPM dashboard.
Accessible and Convenient Replacement Supplies
Another benefit of the Tenovi and Trividia Health partnership is the accessibility of replacement supplies. Patients can easily purchase test strips and lancets online or from retail pharmacies. However, under the 340B pharmacy program, FQHC patients can access these supplies at discounted rates, making diabetes care more affordable. By leveraging 340B pharmacy benefits, FQHCs can continue to offer comprehensive, affordable diabetes management programs.
Understanding How FQHCs Can Cut Diabetes Costs & Drive Revenue
Book a consultation with a Tenovi expert to learn more about how Tenovi’s Cellular Gateway and Trividia’s TRUE METRIX AIR blood glucose meter can significantly lower the cost of diabetes care management for FQHCs while improving patient care. This affordable, insurance-covered solution, especially when integrated with the 340B program, provides a pathway for FQHCs to expand their services, unlock new revenue streams, and continue to deliver high-quality care to underserved populations.
