Selway Capital Acquisition Corporation has signed its first contract to provide compliance support to Federally Qualified Health Centers (FQHC) offering medication under the federal government's 340B Drug Discount Program. HCCA's 340 Basics Total Solution software will be used by a private FQHC in southern New Jersey which services approximately 50,000 340B-eligible patients. Initially, 340 Basics software will be deployed in the center and two affiliated pharmacies.

HCCA will operate in the 340B market through its new wholly owned subsidiary 340 Basics Inc. The software solution from 340 Basics helps qualified health centers and hospitals manage their compliance through proprietary software as well as management processes and controls. 340 Basics provides multiple channels within the operational framework to meet administrative and inventory control challenges relating to 340B compliance, to maximize potential pharmacy savings and to control costs. There are roughly 2,000 eligible centers in the country and 4,000 eligible hospitals for the 340B discount program.

Software is used both by the eligible center and participating pharmacies.