Do You Have the Prescription for 340B Success?
BKD assists providers with the many aspects of the 340B Drug Pricing Program. Our national team has the technical skills to help provide Unmatched Client Service® beyond the basic service approach:
- Implementation, Registration, and Project Assistance
- Compliance
- Optimization and Operational Improvements
- Conversion of Physician Offices to Hospital Outpatient Departments
- HRSA Audit Assistance
- Training and Education
340B Program Development & Optimization
BKD’s 340B team has the expertise to provide operational knowledge and recommendations that can help covered entities increase savings and maintain compliance. Our team has experience with most split-billing vendors, wholesalers, and billing systems, and we understand the complexities of building and maintaining a 340B program.
Clients request our help with many different aspects of their program, including, but not limited to, registration assistance, policy and procedure development, child site review and maximization, development of contract pharmacy arrangements, and split-billing software implementation assistance and operational improvements.
340B Compliance
Providers should have accurate, complete, and auditable records to maintain compliance and identify the program’s key risks. That’s why BKD performs independent external 340B audits for covered entities throughout the country. Our process helps you review multiple aspects of 340B, identify additional opportunities and risks, and create precise and compliant audit trails. These procedures are designed as a mock audit that simulates a Health Resources and Services Administration (HRSA) audit.
Pharmacy Expansion
Expansion of pharmacy services is critical for an organization to increase its financial sustainability. Expansion of pharmacy services requires the need to maintain compliance with federal and state regulations. BKD can assist organizations with identifying opportunities for expansion and exploring the risks and benefits associated with expansion. Estimating cost and revenue while meeting regulatory requirements is critical.
Pharmacy Structure
Pharmacy charge structure and integrity are more critical than ever in the ever-changing health care environment as transparency continues to be of the utmost focus. Up-to-date crosswalks, formularies, and modifiers are critical to help improve reimbursement and maintain compliance.
Opioid Assistance
The opioid epidemic has been an uphill battle for healthcare providers, which must have access to information to understand the risks associated with all aspects of treating patients with opioids and assisting those with opioid dependency and overuse. BKD can assess prescribing trends, benchmarking, and future state goals. The assessment provides an in-depth picture of prescribing patterns across hospital department, provider specialty, provider, and patient type to help monitor performance and create a road map toward improvement.
Provider-Based Billing
BKD understands that hospitals continually seek opportunities to increase revenue and expand 340B savings while maintaining compliance with federal and state regulations for conversion of free-standing physician offices to outpatient departments of the hospital. BKD can help hospitals with their provider-based billing strategy and provide the assistance needed to meet CMS requirements and operationalize their provider-based clinics.
