Last May, we penned a blog series about what it takes to successfully comply with the 340B program. We posited compliance rests on five pillars, which are standardization, accountability, visibility, efficiency, and sustainability. Our aim with the posts was twofold: Inform readers about each pillar but also clarify the roles people and technology play to ensure continuous compliance. In this post, we sum up our series and touch on the role compliance management software plays vis-à-vis consultants, and TPAs.
When Erik Ingersoll joined MobilityWorks as director of risk and compliance, he asked what system its compliance professionals were using to maintain regulatory requirements and stay open for business. The answer led to Sectyr LicenseTrak.
SCOTTSDALE, Ariz. – August 16, 2023 – Inc. magazine has named Sectyr®, a leading provider of SaaS-based compliance software for healthcare, to the 2023 Inc. 5000 list. This is the second time that Sectyr has been recognized by Inc.; in 2022, Sectyr ranked among Inc. magazine’s annual list of Best Workplaces. “I could not be more proud of our team for the hard work and dedication it took for us to be recognized as one of the fastest-growing companies in America,” said James Lawson, founder and CEO. “Growing in this challenging environment really shows that our solutions are hitting the mark with our customers and providing a substantial benefit for them in maintaining Continuous Program Compliance.” Sectyr’s Software for Continuous Program Compliance® informs users ranging from hospitals and health clinics to pharmacies and health networks… Read More »Compliance software expert Sectyr makes Inc. 5000
SCOTTSDALE, ARIZONA, UNITED STATES OF AMERICA, July 31, 2023 /EINPresswire.com/ — Sectyr, a leader in SaaS-based compliance software for healthcare, is providing its SectryHub compliance software platform to the Georgia Primary Care Association, so the association’s member health centers can protect grant benefits derived from Section 330 of the Public Health Service Act. GPCA includes 35 health centers–34 of which are Federally Qualified Health Centers and one FQHC look-alike–serving 650,000 patients. “SectyrHub saves and tracks what’s needed to stay continually compliant.“ — Jan Wilkerson, RN, CPHQ, a manager for Quality, Risk & Compliance at GPCA SectyrHub provides a health center team with a complete management solution including documentation, tasking, workflow, and visualization tools for executive management. The software informs users around the clock about the state of their compliance with U.S. Health Resources and Services Administration requirements… Read More »Georgia Primary Care Association taps SectyrHub 330 for continuous compliance
Managing a 340B program and ensuring continuous compliance takes resources beyond consultants and third-party administrators. A 340B program manager can sign up a consultant to run an annual integrity audit and tap multiple TPAs to review transactions. But neither can help a manager achieve around-the-clock compliance. For a 340B program manager, compliance management software forms a critical triangle with consultants and TPAs. Compliance management software offers up-to-the-minute tracking of where a program’s problems lie. While compliance software won’t fix a problem, it’s a tool that consultants, TPAs, and 340B program teams can use to spot problems. In fact, the 340B program manager for a Midwest university medical center recently told us that his compliance management software “does the thinking and reminding to keep us true to [our program] plan, so we’re audit-ready.” There are many… Read More »Who’s responsible for 340B program compliance?
Compliance software is one solution for providing a program with sustainability. A good solution will help a 340B program team define its process within the software. Software like this can also alert stakeholders to tasks, deadlines, and report on the status of all manner of compliance-related work.
Well-designed compliance software will also help a 340B program team cover every area of compliance that the U.S. Health Resources & Services Administration wants to see. If a 340B program team has a deficiency, compliance software will let them know about it.
One way to reallocate time is with compliance software. With software that automatically analyzes and tracks the data HRSA auditors require, managers gain efficiency while keeping their 340B program in good standing. With a software system keeping tabs on what must be done, 340 program managers can focus on strategies for enhancing their 340B program instead of shoring up compliance.
“Once we develop our program plan, SectyrHub does the thinking and reminding to keep us true to that plan, so we’re audit-ready,” remarks the program manager. “The alternative would be relying on Excel spreadsheets and calendaring tools, which wouldn’t automatically alert us to changes to OPAIS the way SectyrHub can.”
With compliance software, a 340B Program director has a digital dashboard to keep score seven days a week, 365 days a year. A digital scoreboard gives a program director an automatic, up-to-the-minute look at the status of, for example, self-audits, OPAIS data, and tasks requiring attention. Compliance software stretches a team’s resources.
By automating the management of documents with compliance software, a director can assign tasks to each responsible party and verify the owner completes the job. Accountability is further improved when each team member can see their tasks, what’s expected, and when it’s due. Visibility is equally important for compliance. And in my next post, I’ll explore the role visibility plays for compliance.