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It’s a Risky Business:

Risk Mitigation and 340B Program Compliance

How do you know you are managing your risk?

340B program risks are numerous and often not fully recognized. Duplicate discounts, diversion, and poor documentation are common findings from a HRSA audit. People and processes are often insufficient to fully recognize and address compliance risks. 340B program managers should employ multiple strategies to ensure that effective risk management programs are in place. Automation and technology tools can enable a comprehensive approach to managing compliance risk. Processes can fail and people can miss critical compliance elements, but technology mitigates the gaps in risk management. At the same time, lawmakers at the federal and state levels are increasing attention on ensuring that providers are good program stewards.

No matter your answer, in this live webinar, we discussed the latest oversight measures and showed how you can feel more confident in your 340B program compliance. Learn how SectyrHub® 340B can enable Continuous Program Compliance®.

Topics covered:

  • Legislative news – hear an update on program integrity efforts at both the federal and state levels.
  • Lessons from the field – what happens when a non-compliant event occurs and upcoming legislation that might affect your program moving forward.
  • Trust but verify – how do you demonstrate your compliance?
  • Do not rely on luck – are you auditing lucky or are you auditing smart? Do you have a plan of action based on real factors or are you just rolling the dice?
  • Slim margins do not allow you to make mistakes – learn what options might be available to avoid common mistakes and decrease your risk, leading to increased team accountability.

Previously recorded on May 15, 2024 at 11:00 AM EDT

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This webinar recording is limited to 340B covered entities and 340B service companies.