340B INDUSTRY LEADERS SPOTLIGHT

Patti Schnieder, Vice President, Caravan Health

Patti Schnieder, VP, Caravan Health

Q: Where did you grow up?

I grew up in Maryland. We lived in a rural area, Finksburg, and spent a lot of time at the beach in Ocean City.

Q: Where did you go to college/graduate school?

I attended a few colleges and graduated with a Liberal Arts degree in English from Towson State in Maryland.

Q: What are your favorites?

Food: I am all about the “P’s”: Pizza, Popcorn and Pivo (Beer).

Movie: Office Space and Forrest Gump.

MusiciansDolly Parton, Sturgill Simpson and Brandi Carlile.

Destination:  I love the beaches of St. Croix and the mountains of Medicine Bow, Wyoming.

Q: What do you like to do outside of work?

So many choices and interests fulfill me: running, hiking, biking, yoga (I am a certified teacher), vegetable and flower gardening, travel, cooking, learning new skills (I’m currently taking Spanish immersion classes). There’s just so much to learn, see, and do.

Q: What kind of work does your company do in 340B and what makes it stand out?

Caravan Health, which is now part of Signify Health, is innovative in the 340B space combining the value of participating in an Accountable Care Organization with the potential of capturing 340B savings. The synergies of ACO & 340B help covered entities with their population health initiatives and improve quality across the continuum of patient care. No other company in healthcare has the ability to provide data specific to Medicare beneficiaries like we do. We’re able to use these insights to make the most of value-based care and verify 340B referral potential.

Q: Why did you choose to work in the 340B space?

I wouldn’t necessarily say I chose to work in the 340B space. The 340B space found me and I could not be happier. 340B can be a complicated program but the heart of its intent is to assist safety net hospitals and clinics in providing more care for patients who need it the most and I enjoy helping to make this happen.

Q: What do you feel is your most significant contribution to the 340B world or to a 340B customer/client?

My most significant contribution to our clients is my motivation to help them combine the value-based care initiatives they are currently focused on in a Caravan Health ACO with the 340B data and savings that enhance their overall success in these population health efforts. The combination of ACO and 340B enhances and escalates the goals of value-based care and I am proud to be a catalyst of change for our clients.

Q: What advice do you have for a young professional who has recently launched a career in the 340B space?

My advice is the same as what I tell my yoga students: breathe, give yourself grace to learn, understand your why, and enjoy the sense of community that surrounds you.

 

For questions, Patti Schnieder can be reached at pschnieder@caravanhealth.com.

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