340B Webinar – It’s a Risky Business: Risk Mitigation and 340B Program Compliance

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Attention 340B Covered Entities:  For most covered entities, the 340B program is essential to their organization’s bottom line – so protecting it becomes necessary. 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. At the same time, lawmakers at the federal and state levels are increasing attention on ensuring that providers are good program stewards.

340B program managers should employ multiple strategies to ensure 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.

This webinar will emphasize how non-compliance is not an option, examine the benefit of a proactive compliance approach vs. a reactive one, and educate you on options available today to help make the process easier. Here’s what we’ll cover:

  • Legislative News – hear updates on program integrity efforts and contract pharmacy legislation at the federal and state levels.
  • Lessons from the field – what happens when a non-compliant event occurs?
  • 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.

Who Should Attend (this event is limited to 340B covered entities and 340B pharmacy service providers):

  • Covered Entities in the 340B program
  • CFOs and Finance Directors
  • Program Managers
  • Pharmacy Directors
  • 340B Analysts
  • 340B Pharmacy Service Providers
  • Any 340B program-eligible entities that want to learn more
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