Verity Solutions, the award-winning provider of 340B software and services, is releasing their next “Experience Verity 340B” webinar series on August 3-5, 2021.
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.
A patient newly diagnosed with HIV can often feel as if the cards are stacked against them before they even begin. Overcoming the fear and stigma of telling loved ones, finding the right doctor, navigating the insurance process, starting and staying in care—the journey ahead can seem like an impossible one. Even the smallest obstacles along the way can lead to non-adherence to treatment, dropping out of care, and worse health outcomes.
The challenges that ‘white bagging’ poses for patients and providers are gaining attention as more health plans mandate these policies. ‘White bagging’ disrupts traditional ‘buy-and-bill’ practices for provider-administered drugs, creating patient safety concerns, operational problems, and financial challenges for covered entities.
Join us for the next installment of the Maxor 340B summer webinar series! Get a head start on your 340B Health Summer Conference planning by joining Sherri Faber, RPh, MHA, of 340B Compliance Partners and Maxor 340B for two free webinars and the chance to win a Moleskine Smart Writing Set!
Over the course of my professional career which (at risk of dating myself) has spanned well over 30 years working exclusively in the healthcare field, I have lost count of how many times I have heard the phrase “America has the best healthcare in the world!” As a proud American, I would smile, nod my head to show agreement, and allow the comfort of patriotic pride wash over me. Yet, as the years went by and I continued to hear this phrase uttered over and over, my head nod was a little less vigorous. My certainty in the validity of this statement waned to the point where I was experiencing a certain sense of professional, existential doubt.
Safety net facilities are celebrating the May 17 HRSA letters to six drug manufacturers affirming they must provide drugs to covered entities through their contract pharmacies at the 340B ceiling price. This decision will help these facilities, many of them rural, stretch this federal program to improve their financial sustainability and continue to provide excellent care in their communities. This is especially great news for rural facilities that participate in an accountable care organization (ACO).
Those of us actively engaged in the 340B Program are well aware of the scores of issues faced by participating hospitals and it’s not surprising they account for an exceptionally large percentage of all HRSA audits. But, what about other types of Covered Entities (CEs), such as the Specialty Clinics and Grantees? These important CEs are also subject to HRSA audits and face the same severe penalties for non-compliance, including the possibility of repayments to manufacturers.
Many organizations take a siloed approach to 340B. If you’re treating your 340B program as strictly a pharmacy program, you’re probably missing out on savings. The reality is that 340B performance is inextricably linked to other areas of operations. Operational workflows, financial reporting, and human resources procedures can profoundly impact 340B savings. Ravin Consultants has outlined several “operational hacks” that Covered Entities can deploy, today, to maximize their 340B savings. Register now for a complimentary webinar on June 9th from 1-2pm EST to learn tips and tricks to realize your 340B savings – so you can grow and assist even more patients.
The month of June is the start of a magical time across much of the United States. This year’s Pride Month brings in a little extra celebratory oomph as we begin to come out on the other side of a lockdown, and pandemic, that has had a profound impact on us all. While it does not appear like there is ever going to be that obvious “all clear” signal that we all desire, slowly but surely, we are starting to move towards the first indications of a truly post-COVID world.