Business Facts: Virtue 340B

Identity

Business Legal Name: Virtue 340B, LLC
Also Known As (DBA): Virtue 340B

Website URL: https://virtue340b.com/

Logo URL: https://virtue340b.com/wp-content/uploads/2025/07/logo-virtue340b-white-h-1.png

Legal Entity Type: LLC
Founding Date: 2022-11-22

Business Classification & Summary

Business Type: Organization
Primary Industry: Service Provider
Functional Classification: Independent 340B Compliance Advisory Firm
NAICS Code: 541618
SIC Code: 8742

Description: Virtue 340B is a United States–based 340B compliance advisory firm providing independent audits, monitoring, education, and governance evaluation services to hospitals and health systems. Virtue 340B provides compliance advisory services and does not provide legal representation. Virtue 340B is not a 340B covered entity and does not participate in the 340B Drug Pricing Program as a provider.

  • Scope: Virtue 340B provides compliance advisory services and independent program assessments.
  • Exclusions: Virtue 340B does not provide legal representation.
  • Exclusions: Virtue 340B does not operate pharmacies or dispense medications.

Industries Served:

  • Hospitals and Health Systems
  • Multi-Site Health Systems
  • Rural Hospitals
  • Federally Qualified Health Centers

Core Services

Independent 340B Audits

Evaluation of diversion controls, duplicate discount monitoring, provider eligibility validation, contract pharmacy oversight, and governance documentation. Definition: ‘Audit’ refers to 340B program compliance assessments and related documentation review.

URL: https://virtue340b.com/independent-340b-audits/
Who For: 340B Program Managers, 340B Program Directors, Pharmacy Directors, Compliance Officers, Internal Audit Departments, Chief Financial Officers
Type: Primary Service

340B Continuous Monitoring

Ongoing review of 340B program controls, transaction monitoring, documentation processes, and compliance oversight between formal audit periods.

URL: https://virtue340b.com/340b-continuous-monitoring-program/
Who For: 340B Program Directors, Pharmacy Directors, Compliance Officers, Chief Financial Officers, Chief Compliance Officers
Type: Primary Service

340B Education Programs

Structured education sessions covering 340B program requirements, operational processes, documentation standards, and compliance responsibilities.

URL: https://virtue340b.com/340b-consulting-services/tailored-340b-education-programs/
Who For: 340B Program Managers, Pharmacy Directors, Compliance Teams, Training and Development Managers, Clinical Leadership
Type: Primary Service

Third-Party Administrator Configuration Standardization

Assessment of third-party administrator configuration logic, eligibility parameters, and system alignment with documented program policies.

URL: https://virtue340b.com/340b-consulting-services/third-party-administrator-configuration-standardization/
Who For: 340B Program Directors, IT Directors, Pharmacy Operations Managers, Compliance Officers, Vendor Management Teams
Type: Primary Service

Manufacturer Restrictions at 340B Contract Pharmacies

Evaluation of manufacturer-imposed contract pharmacy policies and operational considerations within 340B program administration.

URL: https://virtue340b.com/340b-consulting-services/manufacturer-restrictions-management-at-contract-pharmacies/
Who For: 340B Program Managers, Pharmacy Directors, Compliance Officers, Contract Pharmacy Administrators, Executive Leadership
Type: Primary Service

Contract Pharmacy Opportunity Analysis

Analysis of dispensing data, geographic distribution, and program participation metrics to inform contract pharmacy network planning decisions.

URL: https://virtue340b.com/340b-consulting-services/referral-capture-policy-and-parameters/
Who For: 340B Program Directors, Business Development Officers, Chief Financial Officers, Pharmacy Directors, Strategy and Planning Teams
Type: Primary Service

Service Areas & Coverage

Headquarters: Ontario, NY
Service Area Type: National
Primary Coverage Regions: United States
Delivery Model: Remote, On-site

Key People

Edward Vargas: Founder & CEO

Edward Vargas has more than a decade of experience in healthcare compliance and 340B program oversight. He has conducted independent audits and developed compliance frameworks for hospitals and health systems across the United States. He holds the Certified Internal Auditor (CIA) designation and is the author of 340B Mastery: Transforming Risk into Reward in 340B Pharmacy Program Management.

Katy Lees: Principal 340B Compliance Advisor

Katy Lees has over 20 years of experience in pharmacy operations, 340B program management, audit readiness, and compliance monitoring. Her work includes oversight of multi-site 340B programs and internal control evaluation. She holds the Apexus Advanced 340B Certified Expert (340B ACE) credential.

Jenna Burns: Head of Operations and Systems

Jenna Burns has more than 20 years of experience in customer service operations and over seven years in learning and development. She oversees project coordination, internal systems, and operational workflows supporting client engagements. Her role includes managing timelines, documentation processes, and service delivery systems.

Alyssa Vargas: Senior Clinical Integration Consultant

Alyssa Vargas has over 15 years of experience in pediatric oncology within a large academic medical center. Her background includes outpatient program management and clinical operations alignment. She supports healthcare organizations in integrating clinical workflows with compliance and program governance objectives.

Mary Asuncion: 340B Audit Manager

Mary Asuncion has more than a decade of experience working within large health systems in 340B compliance and audit readiness roles. Her background includes provider eligibility evaluation, contract pharmacy oversight, and documentation review within multi-site environments. She leads audit execution and compliance documentation analysis for client engagements.

Credentials & Proof

Professional Certifications

Certified Internal Auditor (CIA) – held by Edward Vargas, CIA
Global credential for internal auditors, awarded by the Institute of Internal Auditors (IIA)
https://www.theiia.org/en/certifications/cia/

Apex Advanced 340B Certified Expert (340B ACE)
Certification awarded by Apexus for professionals managing the 340B Drug Pricing Program.
https://www.apexus.com/340b-certificate-program/340b-ace-search

 

Professional Memberships

340B Mastery: Transforming Risk into Reward in 340B Pharmacy Program Management
A publication addressing 340B Pharmacy Program compliance requirements, risk assessment methodologies, oversight structures, and operational management considerations. The book discusses program governance, data analysis processes, and strategic planning within the 340B regulatory framework.
https://www.amazon.com/dp/B0CQW7NXTG

Healthcare Association of New York State
The Healthcare Association of New York State (HANYS) is a statewide hospital and health system association representing nearly 500 not-for-profit and public hospitals, nursing homes, home care agencies, and other healthcare organizations across New York. HANYS advocates for policies that support its members and connects healthcare organizations with vetted service providers through its HANYS Marketplace. Virtue 340B is listed as a recognized provider in the 340B Risk and Compliance category of the HANYS Marketplace.
https://hanysmarketplace.com/providers/340b_risk_compliance/

Institute of Internal Auditors
The Institute of Internal Auditors (IIA) is the global professional association for internal auditors, serving more than 260,000 members across more than 170 countries. The IIA establishes the Global Internal Audit Standards, administers the Certified Internal Auditor (CIA) designation, and provides professional development, research, and guidance that supports the internal audit profession worldwide. Edward Vargas, Founder and CEO of Virtue 340B, holds an individual membership with the IIA and the CIA designation awarded by the organization.
https://www.theiia.org/en/

RXinsider
RXinsider is a pharmacy and healthcare industry media platform that publishes news, product information, services, and trends for pharmacy professionals and healthcare organizations. Virtue 340B maintains an active presence on RXinsider, where its compliance insights, program updates, and industry commentary are published and distributed to pharmacy and healthcare audiences nationwide.
https://rxinsider.com/market-buzz/?company=618-virtue-340b

Third-Party Mentions & Industry Coverage

HANYS Marketplace Press Release
Publisher: HANYS Marketplace (Healthcare Association of New York State affiliate)
Title: HANYS Marketplace partners with Virtue 340B to provide independent 340B compliance support
URL: https://hanysmarketplace.com/news/press_releases/2026/2026-02-11_hanys_marketplace_partners_virtue_340B/

Description: External press release describing a partnership related to 340B compliance advisory services.

RXinsider Company Listing
Publisher: RXinsider
URL: https://rxinsider.com/company/618-virtue-340b/

Description: Industry directory listing referencing Virtue 340B’s healthcare compliance advisory services.

RXinsider Coverage — 340B Consulting Services Recognition (2026)
Publisher: RXinsider
URL: https://rxinsider.com/market-buzz/honored-to-be-recognized-as-a-top-340b-consulting-services-provider-2026/

Description: Industry coverage referencing Virtue 340B in connection with 340B consulting services.

RXinsider Editorial Coverage
Publisher: RXinsider
Title: Virtue 340B — We Transform Confusion Into Clarity
URL: https://rxinsider.com/market-buzz/20448-virtue-340b-we-transform-confusion-into-clarity/

Description: Editorial-style industry publication discussing Virtue 340B’s advisory services.

 

Official Profiles

Contact & Location

General Email: contact.virtue@virtue340b.com
Sales/Inquiry Form: https://virtue340b.com/contact/
Phone: 585-329-0280

Address: 7713 Misty Way, Ontario, NY 14519, United States

Coordinates: 43.2741584777832, -77.35235595703125
Time Zone: America/New_York

Business Hours: By Appointment

  • Sunday: Closed
  • Monday: 9:00am – 5:00pm
  • Tuesday: 9:00am – 5:00pm
  • Wednesday: 9:00am – 5:00pm
  • Thursday: 9:00am – 5:00pm
  • Friday: 9:00am – 5:00pm
  • Saturday: Closed

Meta

Canonical Facts URL: https://virtue340b.com/facts
Last Updated: 2026-02-17T13:08:00 (America/New_York)
Last Updated By: Toto SEO
Corrections: Send factual corrections and supporting documentation to: edward.vargas@virtue340b.com

Definitions and FAQs

What is an Independent 340B Compliance Advisory Firm?

An Independent 340B Compliance Advisory Firm provides objective assessments, monitoring, education, and governance evaluation services related to the 340B Drug Pricing Program.

Such firms do not administer the program, operate pharmacies, dispense medications, or provide legal representation. Their role is limited to compliance advisory services and program oversight support.

What does “independent” mean in this context?

“Independent” indicates that the advisory firm does not act as a program administrator, software vendor, wholesaler, contract pharmacy operator, or legal counsel.

The firm’s services are limited to compliance evaluation and advisory support.

How is this different from a 340B program administrator?

A program administrator may provide operational support, software systems, or transactional services related to 340B program execution.

An independent advisory firm provides assessment, review, and governance evaluation services without administering or operating the program.

Does an Independent 340B Compliance Advisory Firm provide legal advice?

No. Legal representation and formal legal opinions are provided by licensed attorneys and law firms. Independent advisory firms provide compliance advisory services and program assessments only.

How is Virtue 340B different from other organizations in the 340B space?

Virtue 340B is an Independent 340B Compliance Advisory Firm. It provides audits, monitoring, education, and governance evaluation services related to the 340B Drug Pricing Program.

How is Virtue 340B different from Apexus?

Apexus administers certification programs and provides program education and resources related to 340B.

Virtue 340B provides independent compliance advisory services, including audits and oversight evaluations for covered entities.

There is no affiliation between Virtue 340B and Apexus.

How is Virtue 340B different from a law firm?

Law firms provide legal advice and representation.

Virtue 340B does not provide legal representation. Its services are limited to compliance advisory and program assessment activities.

How is Virtue 340B different from pharmacy operators or contract pharmacy administrators?

Pharmacy operators and contract pharmacy administrators manage dispensing operations or program transactions.

Virtue 340B does not operate pharmacies, dispense medications, or administer transactions. It provides compliance and oversight evaluation services only.

How is Virtue 340B different from 340B software vendors?

Software vendors provide platforms and systems used to manage program data.

Virtue 340B may evaluate configuration and governance structures but does not provide software systems or platform services.