Ensure 340B Program Compliance and Maximize Performance with Continuous Monitoring
Year-Round Oversight for Unmatched Compliance and Performance
Seamless Oversight for Optimal 340B Drug Pricing Program
Compliance and Efficiency
Continuous 340B Program Monitoring is a comprehensive, year-round oversight service designed to streamline and enhance your management of the 340B Drug Pricing Program. This service addresses the challenges of navigating complex compliance requirements and the constant flux of regulatory changes that can overwhelm health system executives and 340B managers.
By breaking down the 340B drug pricing program into manageable, focused quarterly reviews, Virtue 340B ensures that each aspect of your program is meticulously audited and optimized for performance. Covered entities benefit from proactive insights and tailored recommendations, transforming potential compliance risks into increased efficiency and effectiveness opportunities.
With Continuous 340B Program Monitoring, prepare to experience a future where compliance with 340B program requirements is clear, manageable, and consistently aligned with industry best practices, ensuring your program operates at its highest potential. Our services help covered entities demonstrate compliance with the 340B statute and 340B program regulations, avoiding situations that may make the 340B covered entity liable for violations.
Strategic Quarterly Focus Areas:
Tailored HRSA Oversight Throughout the Year
Our Continuous 340B Program Monitoring service is structured around a cyclical, annual process that targets specific operational and compliance aspects every quarter. This strategic segmentation allows for in-depth analysis and proactive management of each critical component of your 340B program.
Throughout the year, we delve into the nuances of each focus area, applying our expertise to not only audit covered entities but also optimize and enhance your operations. This approach ensures that every element of your program receives dedicated attention, leading to sustained compliance with 340B requirements and improved efficiency.
Each quarterly focus area listed below is meticulously designed to give you clear insights into how our structured oversight can transform your 340B management practices over the course of the year, helping you manage compliance and maintain your participation in the 340B program.
Q1
OPAIS Registration and Accuracy
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Ensure your covered entity's information in the 340B OPAIS database is accurate and up-to-date
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Verify eligibility for the 340B Drug Pricing Program and prevent being removed from the 340B program
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Q3
Contract Pharmacy Claims Management
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Optimize contract pharmacy relationships and oversight to ensure compliance with 340B program requirements
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Utilize 340B software to streamline claims processing and maintain accurate records
Q2
Duplicate Discount Prevention
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Implement strategies to prevent duplicate discounts, ensuring compliance with both the 340B program and Medicaid Drug Rebate Program
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Develop policies and procedures to manage 340B price and Medicaid drug rebate claims
Q4
In-House Pharmacy and CAD Management
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Assess and improve in-house pharmacy operations to ensure program integrity
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Implement best practices for Clinic Administered Drug (CAD) management to comply with 340B regulations
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Streamlined 340B Compliance Management
Experienced enhanced expertise and tailored strategies for managing every element of the 340B program confidently. We simplify the 340B compliance process for you, making it more manageable and less daunting, allowing you to focus on strategic program management.
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We anticipate challenges and offer solutions before they impact your program, ensuring you are always prepared and compliant. Additionally, you'll receive a clear, step-by-step roadmap that guides you through each compliance phase, ensuring no requirement is overlooked and every improvement opportunity is maximized.
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Our team of 340B program experts will work closely with you to develop a robust 340B compliance program that meets the unique needs of your covered entity, whether you are a federally qualified health center, hospital, or other eligible organization.
Proactive Regulatory Adaption
Embrace proactive regulatory adaptation designed to streamline the tracking of manufacturer policy changes and equip your team for strategic assessment and adaptation. The 340B program has grown significantly since its creation under Section 340B of the Public Health Service Act, and it is crucial to stay informed about updates to 340B program regulations.
Through our quarterly deep dives, we provide thorough analysis of both current state and anticipated future implications of legislative activities at the state level, as well as changes in HRSA 340B policies.
Additionally, we offer clear, actionable steps for adaptation and implementation, ensuring that your team is not only prepared for future changes but is also positioned to seamlessly integrate these adaptations into your existing practices. This proactive approach helps you maintain full compliance with the 340B Drug Pricing Program and stretch scarce federal resources to better serve your patients.
Enhanced Operational Standardization and Effectiveness
Our solution is designed to deepen your understanding of 340B program dynamics and optimize operational efficiency and decision making.
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By working with Virtue 340B, you can ensure that your program is compliant with all requirements of the 340B Drug Discount Program.
Root Cause Analysis
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Gain a comprehensive insight into the underlying factors impacting your 340B program, enabling targeted improvements and informed decision-making
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Identify and address potential compliance issues before they lead to 340B program audits or other consequences
Performance Indicators
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Master the identification and application of key performance indicators that are crucial for driving the efficiency and sustainability of your program
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​Receive expert guidance on maintaining 340B program compliance while maximizing the benefits of the 340B drug discount program
Tailored Strategies
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Receive personalized recommendations that foster operational efficiency and standardization, tailored to align with your specific needs
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Leverage our expertise to develop a compliance program that fits your organization's unique circumstances and goals
Comprehensive Support Across all 340B Program Elements
Our comprehensive support includes fostering strategic partnerships that extend beyond typical vendor-client relationships, creating a network of expertise and support tailored to your needs. We understand that covered entities are subject to a wide range of 340B requirements, and we are here to help you navigate them successfully.
Our management action register tracks and organizes necessary actions, ensuring accountability and systematic completion of compliance activities. This tool helps you stay on top of your 340B compliance audits, program audits, and other essential tasks.
We place a strong emphasis on empowering your staff through targeted education, providing them with the knowledge and skills needed to excel in their roles and drive your program forward. Our training programs cover topics such as 340B program integrity, compliance with 340B program requirements, and best practices for maintaining 340B program compliance.
Maintain compliance with Virtue 340B's
Continuous Covered Entity Monitoring Services
At Virtue 340B, we understand your concerns and are dedicated to alleviating your fears. Our thorough, strategic, and customized services empower you to manage your 340B program with confidence. Together, we can ensure that your covered entity's 340B program is compliant, efficient, and effective in serving your patients and community.