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340B Program, Pricing, & Compliance

340B Drug Pricing Program Guide

Is your 340B prescription set for success?

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Do You Have the Prescription for 340B Success?

The 340B Drug Pricing Program created through the Veterans Health Care Act of 1992 requires drug manufacturers to provide discounted outpatient drugs to covered entities, allowing them to stretch scarce federal resources, reach more eligible patients, and provide more comprehensive services.

BKD assists providers with all aspects of the 340B Drug Pricing Program and compliance. Our national team has the technical skills to help provide quality compliance services, best practices, and tailored insight. We understand the financial demands facing healthcare providers and can offer compliance and operational recommendations that go beyond the basic service approach.

340B Drug Pricing Program Guide340B Drug Pricing Program Guide

Independent 340B Audits

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.

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.

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 Updates

As the 340B Drug Pricing Program expands, it’s under continued scrutiny for payment reform and legislative changes. BKD’s Washington, D.C., perspective on industry trends and challenges, along with our extensive health care experience, provides you with timely legislative updates and solutions for your 340B program.

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