340Basics
340Basics (operating as NuvemRx) is a healthcare technology company that provides integrated 340B pharmacy program management solutions—including TPA, entity-owned pharmacy, and specialty referral services—to community health centers across the United States.
- Company typePrivate
- Founded2012
- HeadquartersMount Laurel, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What 340Basics does
340Basics (operating as NuvemRx) is a private U.S. healthcare technology company that delivers integrated 340B pharmacy program management solutions to community health centers. Founded in 2012 and headquartered in Mount Laurel, New Jersey, the company reports 101–250 employees and serves hundreds of community health centers across the United States. Its three core product lines are NuTPA (simplified third-party administration for contract pharmacy), NuPharmacy (entity-owned pharmacy optimization), and NuReferrals (specialty care referral management), all delivered under what the company calls a "service-centered model" that combines software, analytics, and human expertise.
The underlying technology platform combines real-time adaptive workflows, an integrated intelligence/analytics dashboard, and embedded expert services staffed by R.Ph.s and certified pharmacy technicians. According to company-reported metrics, the platform has processed more than 1.5 billion claims, identified approximately $10 million in missed savings for customers, and supported $2.6 billion+ in net 340B savings across a customer base that has treated more than 70 million patients. Differentiating technical components include automated workflows, an intelligence dashboard for compliance and value-leakage detection, and integration capabilities across pharmacy and referral systems.
The company operates a quote-based, enterprise field-sales model targeting community health center leadership. Revenue is generated through three streams: recurring subscription fees for TPA services, managed services for entity-owned pharmacy operations, and professional services for specialty care referrals. Pricing is not publicly disclosed and is tailored to individual customer needs, with the field sales team acting as pharmacy-domain consultants rather than transactional sellers.
340Basics firmographics
Firmographics- Name
- 340Basics
- Legal name
- NuvemRx
- Website
- https://340basics.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- 340Basics (operating as NuvemRx) is a healthcare technology company that provides integrated 340B pharmacy program management solutions—including TPA, entity-owned pharmacy, and specialty referral services—to community health centers across the United States.
- Ownership category
- akta.pro rank
340Basics industry classification
Industry- Product category
- 340B Pharmacy Program Management Software
- NAICS
- Offices of All Other Health Practitioners (62139)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- 340B Program Administration & Contract Pharmacy Services (HLAFALAL)
- akta.pro secondary industry
- Pharmacy Benefit/Channel Services (PSAO, 340B Admin, Chargebacks/Rebates Ops) (CRAOAHAK)
Keywords
Where 340Basics is headquartered
LocationHeadquarters
- HQ city
- Mount Laurel
- HQ country
- United States
- HQ region
- North America
Markets served
340Basics business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- TPA Services (NuTPA): Third Party Administrator services for contract pharmacy management, providing program oversight, pricing visibility, and audit readiness support.
- Entity-Owned Pharmacy Services (NuPharmacy): Comprehensive pharmacy management services including systems, automation, and expert guidance for in-house pharmacy operations.
- Specialty Care Referral Services (NuReferrals): Specialty referral network management and referral capture optimization services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
340Basics product offering
Product offeringCore offering
340Basics, operating through its NuvemRx brand, sells an integrated pharmacy care platform for community health providers managing the federal 340B drug pricing program. Its core offerings are three service-plus-software product lines: NuTPA (Third Party Administrator services for contract pharmacy), NuPharmacy (entity-owned pharmacy optimization), and NuReferrals (specialty care referral management), delivered through automated workflows, intelligence dashboards, and dedicated R.Ph. specialists.
Product overview
NuvemRx offers a unified pharmacy care platform with three integrated product lines: NuTPA (simplified TPA for contract pharmacy), NuPharmacy (entity-owned pharmacy optimization), and NuReferrals (specialty care referral management). These core products are supported by a technology platform combining automated software workflows, integrated intelligence/analytics dashboards, and expert human services. The service-centered model integrates technology, intelligence, and people to help community health providers manage 340B pharmacy programs, with reported outcomes of $2.6B+ net 340B savings, 1.5B+ claims processed, and 70M+ patients treated.
Differentiator
Problem solved
Functional benefit
Brands
- NuTPA: Simplified TPA (Third Party Administrator) service for contract pharmacy management, designed to simplify relationships with pharmacies, bring full program and pricing visibility, and help stay audit-ready.
- NuPharmacy
- NuReferrals
Products and services
- NuTPA Simplified Third Party Administrator (TPA) service for community health centers operating contract pharmacy arrangements under the 340B drug pricing program. NuTPA unburdens internal teams, simplifies relationships with contract pharmacies, provides full program and pricing visibility, and helps customers stay audit-ready as 340B rules change. Priced via recurring subscription for community health center customers.
- NuPharmacy Entity-owned pharmacy optimization solution that helps community health centers stand up a new in-house pharmacy or improve the performance of an existing one. Provides proven systems, key automations, and expert guidance to increase efficiency and retain 340B revenue inside the organization rather than losing it to outside pharmacies. Sold as managed services to community health center customers.
- NuReferrals Specialty care referral management solution for community health centers expanding into or optimizing specialty care. Closes referral gaps, reduces patient leakage, and expands patient access through stronger specialty networks and smarter referral management. Sold as professional services to community health center customers.
Quantifiable outcome
- $2.6B+ net 340B savings generated for customers
- +4 more outcomes
Companies that use 340Basics
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
340Basics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
340Basics partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
340Basics competitors and assessment
Company assessmentDirect peers
- SunRx: 340B program management and contract pharmacy services company serving covered entities, including FQHCs. Overlaps with NuvemRx in TPA services, contract pharmacy administration, and audit support.
- Macro Helix: Provider of 340B management software and services including split-billing and contract pharmacy management for health systems and FQHCs. Direct competitor with overlapping product suite and customer base.
- CaptureRx: 340B Third Party Administrator providing contract pharmacy and split-billing services to safety-net providers and FQHCs. Directly competes with NuvemRx's NuTPA offering in the same community health center customer segment.
- Sentry Data Systems: 340B management and analytics platform serving hospitals, FQHCs, and other covered entities with split-billing, compliance, and reporting. Comparable in target customer and product functionality to NuvemRx's TPA and intelligence offerings.
- RDSolutions (by RedSail Technologies / Inmar): 340B software and services provider offering split-billing, contract pharmacy, and audit support to covered entities including FQHCs. Direct functional competitor in the same 340B administration category.
- Verity Solutions (a McKesson company): 340B software and services platform acquired by McKesson, offering split-billing, contract pharmacy management, and analytics for covered entities. Direct competitor to NuvemRx across the 340B administration workflow.
Others
- CoverMyMeds: Pharmacy technology platform (owned by McKesson) focused on electronic prior authorization, medication access, and patient affordability. Adjacent technology provider in the pharmacy/medication management ecosystem that intersects with NuvemRx's specialty referral and pharmacy workflow tooling.
- Pharmacist's Letter / Therapeutic Research Center: Provider of clinical pharmacy resources, drug information, and continuing education used by pharmacists including those operating 340B programs. Indirectly comparable as an adjacent resource for the pharmacy professionals NuvemRx's customer base employs.
Emerging players
- Avita Pharmacy: Specialty pharmacy provider with significant 340B focus, serving community health centers, health systems, and underserved populations. Comparable in customer segment but operates as a pharmacy rather than a software/TPA vendor.
Broad incumbents
- Apexus (340B Prime Vendor): HRSA-designated 340B Prime Vendor Program offering education, purchasing tools, and program support to all 340B covered entities. Operates as a broader, federally-contracted resource rather than a direct competitor but adjacent to NuvemRx's market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
340Basics social profiles
Digital presence340Basics financial estimates
Financial estimateRevenue estimate
Valuation estimate
340Basics leadership team
Management profileNumber of profiles
Profiles2 records
340Basics funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
340Basics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 340Basics
What does 340Basics do?
340Basics, operating through its NuvemRx brand, sells an integrated pharmacy care platform for community health providers managing the federal 340B drug pricing program. Its core offerings are three service-plus-software product lines: NuTPA (Third Party Administrator services for contract pharmacy), NuPharmacy (entity-owned pharmacy optimization), and NuReferrals (specialty care referral management), delivered through automated workflows, intelligence dashboards, and dedicated R.Ph. specialists.
Is 340Basics a public or private company?
340Basics is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 340Basics founded?
340Basics was founded in 2012. It employs 101 to 250 people.
Where is 340Basics based?
340Basics is headquartered in Mount Laurel, United States, in the North America region.
How does 340Basics make money?
Three revenue lines are on record. TPA Services (NuTPA) is the primary driver. The others are entity-Owned Pharmacy Services (NuPharmacy) and specialty Care Referral Services (NuReferrals).
Who are 340Basics's main competitors?
Direct peers on record are SunRx, Macro Helix, CaptureRx, Sentry Data Systems, RDSolutions (by RedSail Technologies / Inmar) and Verity Solutions (a McKesson company). Others are CoverMyMeds and Pharmacist's Letter / Therapeutic Research Center. Avita Pharmacy is listed as an emerging player. Apexus (340B Prime Vendor) is listed as a broad incumbent.
Does 340Basics have an API?
No public API is recorded for 340Basics.
What industry is 340Basics in?
340Basics's product category is 340B Pharmacy Program Management Software. Its primary akta.pro industry code is HLAFALAL, 340B Program Administration & Contract Pharmacy Services, with a secondary code of CRAOAHAK, Pharmacy Benefit/Channel Services (PSAO, 340B Admin, Chargebacks/Rebates Ops). Its NAICS code is 62139 and its SIC code is 8000.