Do You Have the Prescription for 340B Success?
BKD assists providers with various 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 and Registration
- Compliance
- Optimization (including conversion of physician offices to hospital-based departments)
- HRSA Audit Assistance
- Training and Education
340B Compliance Assessments
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.
340B Operational Services
BKD’s 340B team has the expertise to provide operational knowledge and recommendations that 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 Continual Monitoring
BKD can help provide continual monitoring, which enables 340B-covered entities to assess risk associated with compliance, test split-billing software, and perform a review of 340B accumulation factors that could reduce savings. Continual monitoring also is needed for covered entities that have self-reported compliance issues and are required to pay back savings to a manufacturer. The process allows these entities to continue purchasing 340B drugs, repay manufacturers, and get back on track for 340B compliance.
Legislative & Industry Updates
As the 340B Drug Pricing Program expands, it’s under continued scrutiny for payment reform, legislative changes, and challenges presented by suppliers and payors. BKD’s Washington, D.C., perspective on industry trends and challenges, as well as strong relationships with industry leaders, provides you with timely legislative updates, industry updates, and solutions for your 340B program.
Pharmacy Services
Opioid Strategy
The opioid epidemic has been an up-hill battle for health care providers. Health care providers must have access to information to understand the risks associated with all aspects of treating patients with opioids and treating patients with opioid dependency and overuse. BKD can assess prescribing trends, benchmarking, and future state goals. The assessment provides comprehensive picture of prescribing patterns across hospital department, provider specialty, provider, and patient type in order to monitor performance and create a road map toward improvement.
Drug Diversion
Controlled substance diversion can lead to patient harm as well as regulatory, legal, and reputation risks for health care organizations. Diversion can occur in many areas within a health care organization. BKD can assist you with maintaining internal controls and polices and procedures to address controlled substance diversion in compliance with federal and state laws. BKD can assist you with a monitoring structure to prevent diversion.
Pharmacy Expansion
Expansion of pharmacy services is a key way for an organization to increase their 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.
Provider-Based Billing
BKD understands that hospitals are continually looking for 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 assist hospitals with all aspects of their provider-based billing strategy and provide the assistance needed to meet CMS requirements and operationalize their provider-based clinics.
