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The 340B Program problem:  Achieving around-the-clock compliance

When asked what’s top of mind for a 340B Drug Pricing program manager , she said, “Knowing if I’m compliant today and if I would survive a HRSA audit without issue if that occurred next week.” The program manager went on to say that “Maintaining and protecting our 340B benefit is extremely important to our profitability.” Maintaining compliance every day and guarding profitability takes a complex balance of foresight and fortitude. Navigating the requirements requires equal parts insight and resources. To help bring that insight, we’re launching a 10-part blog series today that aims to examine not only the challenges to complying with the 340B program but also strategies and tactics for making it easier to do so. Continually complying with the U.S. Health Resources and Services Administration requirements is a linchpin for avoiding the… Read More »The 340B Program problem:  Achieving around-the-clock compliance

Tackling 340B Duplicate Discounts

To say the link between Medicaid and 340B is complicated would be an understatement. By federal law, a covered entity’s 340B program and Medicaid program get discounted drugs for patients with Medicaid, but only one entity can legally receive the discounted drug. This leads to, among other things, administrative stress because covered entities must ensure drug makers aren’t charged two discounts for one drug, otherwise known as duplicate discounts. Everyone from physicians to lawmakers seem to be weighing in on this issue. In December 2022, Pennsylvania distributed a medical assistance bulletin effective Jan. 1, 2023, that seems to indicate the commonwealth will no longer offer Medicaid reimbursements for 340B drugs dispensed by contract pharmacies. Specifically, the bulletin states, “The MA [medical assistance] Program is unable to identify 340B-purchased drugs dispensed by contract pharmacies, therefore, contract… Read More »Tackling 340B Duplicate Discounts

Pharmacies prepare for revisions to USP 797

For pharmacists, pharmacy technicians, and other staff, a clock is counting down to November 1, 2023, and revisions to USP 797. That’s the date by which the United States Pharmacopeia Convention, or USP, has set for implementing changes to USP Chapter 797. USP 797 outlines requirements and procedures for compounding sterile drugs – among the riskiest duties undertaken by pharmacists on behalf of their patients. The convention first put in place USP 797 on January 1, 2004. The chapter sets forth a standard of practice for pharmacists. And the authors originally wrote this section to “prevent patient harm and fatality from microbial contamination (nonsterility), excessive bacterial endotoxins, large content errors in the strength of correct ingredients, and incorrect ingredients in CSPs.” Industry pundits say there are mixed feelings among pharmacy professionals for the latest revisions.… Read More »Pharmacies prepare for revisions to USP 797

Tapping the right technology frees time-strapped pharmacists to focus on healthcare

Last spring, the American Society of Health-System Pharmacists released findings from a survey that noted a severe shortage of pharmacy technicians. While healthcare shortages are well publicized, the extent to which administrators are tapping pharmacists to help is noteworthy. Ninety percent of hospital and health-system pharmacy administrators said they had asked pharmacists to perform tasks usually handled by technicians. With a lack of technicians, pharmacists and other team members must juggle additional roles and/or work longer hours. Technology can play a role in helping time-strapped pharmacies automate the management of accreditations and document compliance activities like adhering to USP 797 and USP 800. Pharmacy administrators owe it to themselves to consider which technologies could shoulder some of the work to help pharmacists, staff, and patients. Younger generations rethinking primary care Hospitals and health-system pharmacies aren’t… Read More »Tapping the right technology frees time-strapped pharmacists to focus on healthcare

Sectyr® Ranks Among Highest-Scoring Businesses on Inc. Magazine’s Annual List of Best Workplaces for 2022

Sectyr® named among best workplaces in America SCOTTSDALE, Ariz., May 10, 2022 /PRNewswire/ — Sectyr, a leader in SaaS based compliance software for healthcare, has been named to Inc. magazine’s annual Best Workplaces list. Featured in the May/June 2022 issue, hitting newsstands on May 17, 2022, and prominently featured on Inc.com, the list results from a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company culture, whether operating in a physical or virtual facility. After collecting data from thousands of submissions, Inc. selected 475 honorees this year. Each company that was nominated took part in an employee survey conducted by Quantum Workplace, which included topics such as management effectiveness, perks, fostering employee growth, and overall company culture. The organization’s benefits were also audited to determine the overall score and ranking. “I could not be more proud… Read More »Sectyr® Ranks Among Highest-Scoring Businesses on Inc. Magazine’s Annual List of Best Workplaces for 2022

Sectyr® Acquires LicenseTrak™ to bring License Management and automated credential verification to the SectyrHub® Platform

The move will result in an expansion of the SectyrHub® compliance platform bringing expanded functionality to customers and furthering the company’s mission of helping customers achieve Continuous Program Compliance™. October 27, 2021 11:30 Eastern Daylight Time Scottsdale, Az. — Sectyr® announced the acquisition of LicenseTrak™, a SaaS based application suite centered on regulatory compliance. “I am very excited about integrating the existing LicenseTrak™ products as well as using these feature sets to further our compliance mission,” said Sectyr® CEO James Lawson. “The addition of the LicenseTrak™ toolset is a natural fit for our customers and will allow us to continue growth into other healthcare compliance markets.” With this acquisition, Sectyr® aims to bring additional compliance elements together in the SectyrHub® platform, enabling customers to have a single location for compliance management across the continuum of… Read More »Sectyr® Acquires LicenseTrak™ to bring License Management and automated credential verification to the SectyrHub® Platform

Saint Peter’s University Hospital maintains its 340B Program using SectyrHub® 340B Software for Continuous Program Compliance®

CUSTOMER SUCCESS STORY Saint Peter’s University Hospital maintains its 340B Program using SectyrHub® 340B Software for Continuous Program Compliance® SITUATION Saint Peter’s University Hospital is a 478-bed acute-care teaching hospital in New Brunswick, New Jersey, that treats more than 23,000 inpatients and 245,000 outpatients annually. Their “commitment to humble service to humanity, especially the poor, through competence and good stewardship of resources,” is embraced at all levels of the organization. In alignment with their mission to serve low-income, uninsured, and under-insured patients, Saint Peter’s joined the 340B Program in early 2014 and grew over the subsequent years. In 2016, Saint Peter’s underwent a federal audit of their 340B Program by the Health Resources & Services Administration (HRSA), which reinforced the importance of steadfast program compliance. Saint Peter’s hired Fatimah Muhammad as 340B Program Manager to… Read More »Saint Peter’s University Hospital maintains its 340B Program using SectyrHub® 340B Software for Continuous Program Compliance®

Sectyr® SectyrHub® 340B Video Overview

Do you worry about millions of dollars in paybacks waiting to be found in a HRSA audit? What if you could make compliance easy while minimizing the risk of costly paybacks and continue to grow your program using an intuitive and automated application? You can… with SectyrHub® 340B. Leveraging the SectyrHub® platform, SectyrHub® 340B is a comprehensive, cloud-based solution that combines best practice and rules-based guided workflows to support audit readiness and Continuous Program Compliance™. SectyrHub® 340B creates a Pro-active compliance environment and multidisciplinary collaboration center with workflows, documentation, and ultimate visibility into your program management. Easy-to-use features include: • centralized audit workflows using machine learning,• smart data aggregation of all your 340B data from TPAs, auditors, and continuous updates with the latest program information,• detailed guided workflows for HRSA audits, mock audits and recertification,•… Read More »Sectyr® SectyrHub® 340B Video Overview

Continuous Program Compliance® moves into the Federally Qualified Health Center field

Scottsdale, AZ. (April 28, 2021) Sectyr®, a leading provider of 340B Program management solutions, today announced the first release of the new SectyrHub® 330 HRSA grant compliance tool for Federally Qualified Health Centers and Look-Alikes. Guided workflows walk staff through all required elements of compliance and dashboards help highlight anything that needs to be addressed. Once full compliance is achieved it’s easy to maintain through innovative continuous compliance tasking that can be tailored to meet the needs of each health center. SectyrHub® 330 also makes program oversight a breeze for busy executives with dashboards that track deficiencies and show who across the organization is responsible for which parts of the program. When it’s time for the Operational Site Visit, SecytrHub® 330 has tools to help make preparation quick and easy. In addition to helping select documents, the tool includes a feature to prepare the staff for meetings with the HRSA reviewers. In the case that there are any conditions as a… Read More »Continuous Program Compliance® moves into the Federally Qualified Health Center field

Sectyr® SectyrHub® 340B Quick Intro

Do you worry about millions of dollars in paybacks waiting to be found in a HRSA audit? What if you could make compliance easy while minimizing the risk of costly paybacks? You can… with SectyrHub® 340B. SectyrHub® 340B creates a proactive compliance environment and multidisciplinary collaboration center with workflows, documentation, and ultimate visibility into your program management. Be confident your audit preparation is already done while maintaining Continuous Program Compliance™.