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Finance guys like myself often have the reputation of being unwilling to spend money. However, we can always be convinced to invest in activities with a high likelihood of return.
The financial pressures of the last year have underscored the importance of the 340B program and its impact on hospital finances. Against the backdrop of cost-cutting measures across the organization, it may seem counterintuitive to ask for an investment in more staff to run your 340B program. Yet, based on our experience with covered entities that have a dedicated 340B program manager, versus those that don’t, we believe it’s possible to justify the cost in a way that will resonate with your senior finance leaders. (Spoiler alert: an ROI of 150 times an employee’s salary makes a pretty convincing argument!)
There are several advantages to a program manager focused on optimizing the performance of your 340B program. In our new e-book, we look at five tangible ways your program benefits from a dedicated 340B
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