340B

Keenan has developed 340B Compliance & Management Solutions to help qualified hospital and health system clients maximize cost savings and revenue under the Federal 340B Drug Pricing Program.

340B Compliance & Management Solutions

Keenan has extensive 340B experience in policy, auditing, analytics and pharmacy operations to help you navigate the operational, financial and regulatory complexities of today’s 340B environment while optimizing your financial and clinical performance. Our 340B compliance and management solutions include:

  • Compliance Audits. We can help you prepare for a HRSA audit and be able to produce the documentation necessary to demonstrate compliance. Keenan is independent of all 340B administrators, wholesalers and pharmacies and can provide an unbiased review.
  • 340B Program Analysis. Our team can work with you to complete the often complex and time-consuming application requirements, evaluate purchasing operations, and establish a contract pharmacy network. This ensures your hospital can increase the accuracy, efficiency, and compliance of your participation in the 340B program.
  • RFP / Vendor Selection. Selecting the right 340B vendors can be a daunting task; at Keenan we know the questions to ask and can manage the process from the start of the request for proposal (RFP) through implementation.
  • Financial Review. We provide a comprehensive 340B financial analysis, including potential impact for adding or removing contract pharmacies, GPO and / or orphan drug impact, and formulary review.
  • Internal Policy Review. Entities should have documented policies in place that outline how the 340B program is managed. Keenan provides assistance with creating or editing of 340B policies and procedures. Where policies and quality assurance processes are in place, we will review to determine current compliance and provide feedback on changes to improve compliance.
  • Education & Training. Compliance starts with a clear understanding of the rules and regulations for all stakeholders involved in the 340B program.   Keenan customizes the education and training to all departments involved in 340B compliance including pharmacy, finance, and the C-suite. Training can be conducted onsite or through customized webinars.
  • Self-Audit Tools & Protocol. Self-audits are critical to the ongoing compliance of any 340B program, and can help detect and resolve issues prior to a HRSA audit. Keenan can assist with developing protocols, sampling methods and provide the technology to seamlessly incorporate a self-audit process.