Enrollment, Management & Compliance for Your 340B Program
We offer a one-stop shop for managing your entire 340B program, including pharmacy operations, handling the 340B processes, and ensuring compliance. We tailor it to your specific needs.
Achieve smooth vendor management by aligning internal goals.
Improve transparency and insights into program results
Increase sales and income
Cut back on program maintenance costs
Reliable 340B program compliance
340B Program
How Does It Work?
At MGMT, we offer comprehensive support for the 340B Drug Pricing Program, designed to help eligible tribal pharmacies maximize their savings and improve patient care. Our expertise ensures your pharmacy can navigate the complexities of the 340B program with ease and confidence.
#1 Enrollment
Successfully enrolling in the 340B program is the first step to unlocking significant cost savings. Our team will guide you through the entire enrollment process, ensuring a smooth and efficient experience:
- Eligibility Assessment: Determine your eligibility for the 340B program and understand the benefits it offers.
- Application Assistance: Complete and submit the necessary applications and documentation with precision.
- HRSA Registration: Ensure timely and accurate registration with the Health Resources and Services Administration (HRSA).
#2 Management
Once enrolled, effective management of your 340B program is crucial to maximizing its benefits. We provide ongoing support to help you manage all aspects of the program:
- Inventory Management: Implement systems to track 340B and non-340B inventory accurately and efficiently.
- Program Optimization: Identify opportunities to maximize savings and enhance program benefits.
- Reporting and Analysis: Generate comprehensive reports to monitor program performance and compliance.
#3 Compliance
Maintaining compliance with the 340B program requirements is essential to avoid penalties and ensure continued participation. Our compliance services include:
- Policy Development: Create and implement policies and procedures that align with 340B program requirements.
- Audit Preparation: Prepare for HRSA audits with thorough documentation and record-keeping.
- Ongoing Monitoring: Regularly review and update compliance practices to adapt to changing regulations.
“From Deficit to Profitability - MGMT
Empowered Our Pharmacy”
Facing financial strain, a tribal pharmacy implemented MGMT’s 340B optimization program. MGMT’s expertise extended beyond just the program itself, identifying areas within the pharmacy’s operations that could be streamlined. This holistic approach resulted in a remarkable turnaround within two years. The previously struggling pharmacy transformed from a deficit to a surplus, allowing the newly acquired resources to be reinvested directly into improving patient care within the tribal healthcare system.
- Chief Pharmacy Director
Ready to unlock the full potential of your
340B program?
discuss how we can help your tribal pharmacy thrive.
