For more than 25 years, section 340B of the Public Health Service Act has required pharmaceutical manufacturers who participate in Medicaid to offer outpatient drugs at discounted prices to healthcare organizations that serve many uninsured and low-income patients. This noble program gives marginalized patients increased access to medication in participating community health centers, children’s hospitals, hemophilia treatment centers, critical access hospitals, sole community hospitals, rural referral centers, and public and nonprofit disproportionate share hospitals.
Despite the proven success of the 340B program in terms of decreased government spending and increased access to healthcare, some legislators want to significantly scale back the benefits this program provides and also potentially increase the reporting requirements for participating 340B facilities.
Remaining in careful compliance with the 340B program requires knowledge of the rules and regulations, even as they may be changing. To ensure compliance, covered entities must know what areas are most vulnerable to potential audits, and self-audit requirements must be met.
Verity Solutions offers its web-based Compliance Manager to make 340B compliance simple and easy. HIPAA-compliant storage lets you conveniently manage and access all of your 340B-related material, including contract pharmacy agreements and audit spreadsheets. A risk-scoring feature points out areas for improvement before they become trouble spots. Quick set up and training mean Compliance Manager gets to work for you from day one. The system works with and enhances any existing 340B program, no matter which third-party administrator you use.
About Verity Solutions
Verity Solutions is an award-winning leader in software and services developed for the administration of the federal 340B drug pricing program. Hundreds of integrated healthcare systems, acute-care hospitals, community health centers, federally-qualified health centers, pharmacies, and other 340B-eligible covered entities throughout the United States rely on Verity 340B software and services to successfully manage their 340B program.
We simplify the complex process of maintaining 340B program compliance resulting in critical 340B cost savings for our customers. Hundreds of integrated healthcare systems, acute-care hospitals, community health centers, federally-qualified health centers, pharmacies, and other 340B-eligible covered entities throughout the United States rely on Verity 340B® software and services to successfully manage their 340B program.
This post is related to:
340B Solutions, 340B Management Systems
