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340B

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

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

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™.