In the complex world of healthcare, where the 340B drug pricing program plays a pivotal role in cost savings, program management is paramount. However, the challenges of employee turnover and extended leaves of absence can disrupt the continuity of your 340B program. To ensure that your program remains compliant and efficient during these transitions, engaging a temporary 340B compliance resource, such as an independent auditor, can be a strategic choice.
The Role of an External 340B Compliance Resource
When faced with employee turnover or extended leave, here's how an external 340B specialist can help your covered entity maintain a robust 340B program:
Compliance Audits and Risk Assessment: An independent auditor can conduct compliance audits and assess potential financial risks. This step ensures that your program remains in adherence to 340B regulations, preventing any unexpected compliance issues.
Reporting and Recommendations: The external resource should provide a clear reporting and recommendations cadence. Regular updates and detailed insights will enable your organization to stay informed about the status of your 340B program and address any issues promptly.
Workflow Establishment: To efficiently collaborate with the external resource, it's essential to establish internal workflows. This includes defining roles, responsibilities, and communication channels. Clarity in these aspects streamlines the collaboration process.
Knowledge Transfer: The external 340B specialist can also play a crucial role in educating and onboarding your new 340B Manager. Their expertise ensures a smooth transition, enabling the new hire to quickly understand the intricacies of your program.
Benefits of Engaging an External Resource
Let's delve into the benefits of engaging an external 340B specialist during times of transition:
Continuity: With a temporary resource in place, your program's continuity is ensured, minimizing disruptions during employee turnover or leaves of absence.
Expertise: These specialists bring a wealth of knowledge about the 340B program, offering valuable insights and guidance.
Risk Mitigation: Regular audits and risk assessments help identify and mitigate potential compliance and financial risks.
Efficiency: Well-defined workflows and reporting structures make collaboration with the external resource efficient and productive.
Onboarding Support: The external specialist can facilitate a seamless onboarding process for your new 340B Manager, reducing the learning curve.
In conclusion, engaging an external 340B compliance resource is a proactive approach to maintain a compliant and high-performing 340B program, especially during times of employee turnover or extended leave. By establishing clear workflows and leveraging their expertise, entities can ensure the program's continuity and long-term success.
Investing in the right resources today will lead to cost savings, compliance, and better patient care tomorrow. So, as the winds of 340B change blow, your 340B program will remain steadfast and strong.
Ready to ensure uninterrupted 340B program excellence during employee turnover? Contact Virtue today. Let's safeguard your savings and compliance together.