Welcome to our first newsletter! Keep up with Industry news and with 340Basics.
Vol. 1 – June 2019
Welcome to The Script
The 340Basics Newsletter. We’ve got the cure for all things 340B!
Firstly, we would like to express that we value our relationship with our clients and view you as an extension of our 340Basics family. It is one of the reasons we wanted to kick-off a monthly newsletter so as to keep you better informed on anything 340B!
Each month we will provide you with information in the hope to strengthen your experience with 340Basics, increase your education on the 340B program and keep up to date on system enhancements/updates, all with a little fun thrown in!
We’d love to hear your feedback, if you have any suggestions for topics, questions on this editions content or just want to say hi, please email info@340Basics.com.
340B Industry News
It’s HRSA Audit Season!
We are into the 5th month of the 2019 HRSA audit season and initial findings are already posted. With only 20 Covered Entities being reported on so far, and 196 audits completed in 2018, it seems we can expect things to ramp up in the coming months.
340Basics system meets all HRSA compliance standards, but, in the event you need assistance or clarification, please contact your Account Manager.
Don’t forget about our compliance & consulting division, Assent. They can assist with self-audits, P&P’s and more!
340Basics News
We heard you, and we acted.
In an effort to provide our clients with superior customer satisfaction, 340Basics has amplified our Client Support department to better assist our clients. The addition of these roles has allowed us to provide a higher level of support.
340Basics has increased help desk support staff and has hired a Client Satisfaction expert. This individual is proactively reaching out to clients, acquiring feedback, positive or negative, so that we can better serve you.
Look out for your call coming soon!
Conferences
If you’re heading to the conference’s below make sure you stop by and say hi!
NMPCA Conference
June 12-13
Albuquerque, NM
340B Summer Coalition
July 15-17
Washington, DC
FACHC
July 21-24
Ft. Lauderdale, FL
CHCAMS
July 30 – Aug. 2
Biloxi, MS
Join Us
Are you heading to the 340B Summer Coalition? Please join us at our private event.
If you’ve never been to one of our events, you’re surely missing out.
This year, we will have amazing drinks, exotic food, a 5-piece band with plenty of room for dancing and an acoustic musician out on the patio.
If you would like to join us, please sign-up here. Account Managers will also be sending out invites.
Referral Claims
Our Advanced Referral Program is like no other.
Covered Entities can monitor and capture referral claims more efficiently. Your organization will experience increased revenue, enhanced access to accurate referral claim data, lessen staff hours managing the program, while remaining compliant and audit ready.
If you’re not currently enrolled in the Referral Program, contact your Account Manager today.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 2 – July 2019
Celebrate America & Those That Serve Our Communities
The 340Basics Newsletter. We’ve got the cure for all things 340B!
The entire team here at 340Basics wishes all of our clients a very happy and safe Fourth of July and we thank you for all you do.
This holiday allows us the time to reflect on the pride we feel as Americans, for our Country and our freedoms. 340Basics is proud to partner with organizations like yours that affords the freedom of health care to people that may not otherwise have a place to turn when in need of medical assistance. Your efforts and dedication, whether caring for the sick, volunteering in your community or lobbying for accessible medical care to state officials, it is what this country is about.
340Basics plays a small roll in your pursuit of this, but, it’s one that we are proud of. We thank you for allowing us to do so. Happy Fourth of July, we are celebrating many freedoms – but we are also celebrating you.
If you have any suggestions for topics, questions on this editions content or just want to say hi, please email info@340Basics.com.
340B Industry News
5 Ways 340B and Medicaid are Alike!
A great article recently written by Maureen Testoni, CEO of 340B Health, puts the spotlight on how these programs are similar, how they can work together and why they are both imperative.
Links Between Programs:
Designed to serve the health care needs of low incomes families;
Require drug manufacturers to offer discounts/rebates to help pay for care;
Involve identical discounts and an “inflationary penalty” on manufacturers who raise their prices faster than inflation;
Supports access to care in rural parts of the country; and:
Enacted with bipartisan support
“Medicaid and 340B work together as pillars that help buttress access to care. It’s clear that weakening either of them would have substantially negative effects on the patients who need that care.”
Listening to your pharmacies needs!
In late May, 340Basics deployed a survey to obtain feedback from your pharmacies on a variety of topics. We received responses from many pharmacies, several of them expressing a desire for more training on the 340Basics platform.
In response, we quickly extended each pharmacy an invitation to a live group training webinar that also included an open Q&A portion. They were also advised of additional educational tools in production they would have access to in the coming weeks.
The objective of these surveys is to educate ourselves on how we can ensure your 340B program experience is a positive one.
We will send out a similar survey to all our clients in the very near future. We hope you will have the opportunity to take a couple minutes to provide us with your honest feedback.
Look for your survey soon!
Conferences
If you’re heading to the conference’s below make sure you stop by and say hi!
340B Summer Coalition
July 15-17
Washington, DC
FACHC
July 21-24
Ft. Lauderdale, FL
CHCAMS
July 30 – Aug. 2
Biloxi, MS
MPCA
Aug 4-5
Grand Rapids, MI
NACHC CHI
Aug 18-20
Chicago, IL
RSVP Here
Are you heading to the 340B Summer Coalition?
Please join us at our private event.
You can RSVP for our upcoming event in Washington, DC right here! If you’ve never been to one of our events, you’re surely missing out.
This year, we will have amazing drinks, exotic food, a 6-piece band with plenty of room for dancing and an acoustic musician out on the patio.
340B Stress
We get it, it’s stressful. Some ideas below to help relieve that 340B Stress!
Below is a top ten list we feel can help kick those 340B blues, pay extra special attention to #10, its a sure thing!
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 3 – August 2019
Labor Day Celebrates All Hard Working People!
The 340Basics Newsletter. We’ve got the cure for all things 340B!
Although the original idea in 1882, the first Labor Day holiday, was very different than what the day has become, the reason is still at it’s core.
The original organizers were looking for 2 things for this holiday; a means of unifying union workers and a reduction in work time. And though this was originally meant for factory and manufacturing workers, we are sure that our clients can relate with the latter.
We understand, especially when providing much needed health care to your communities, that 40 hour work weeks are a thing of the past. The passion and dedication that covered entities have for their patients is truly a LABOR of love.
Now, we at 340Basics can’t rise up and protest for shorter days or work weeks like in 1882, but we can wish you all a relaxing and happy Labor Day!
If you have any suggestions for topics, questions on this editions content or just want to say hi, please email info@340Basics.com.
340B Industry News
340B vs. Drug Manafacturers!
In a new study published in the Journal of the American Medical Association (JAMA), it was determined that the 340B drug pricing program may actually discourage drug manufacturers from raising prices and instead may be having the opposite effect, reducing list prices for certain drugs. This study is in direct contrast to drug manufacturers long-standing statements that argue, 340B forces them to raise the list prices of drugs.
The 340B Program seems to be playing a vital role in helping to reduce drug prices, this could ultimately lower co-pays for patients treated at 340B institutions as well as lower costs for insurers and safety-net providers.
Help Us Help You, Stay Compliant!
Often, it is through our wonderful clients that we first hear about changes, and while we do our best to stay abreast of changes in the PBM landscape, we unfortunately do not have access to some information that many of you receive directly. Namely, changes in your Medicaid MCO prescription processors called PBMs.
If you receive notice from an insurance company or PBM that there will be changes in who will process prescriptions or BIN, PCN, Group numbers used to bill your MCOs, we are asking that you send a copy of that information to clientsupport@340Basics.com as soon as possible.
This allows us to appropriately carve-in or carve-out your MCOs, keeping your 340B program compliant.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 4 – November 2019
Giving Thanks
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Thanksgiving is a time to give, a time to share, a time to love, and a time to reflect on all things that matter most in life.
We are thankful for our partnership with you and %%company%%.
From our family to yours, have a wonderful Thanksgiving.
340B Industry News
340B Program Turns 27!
One of the most important parts of the health care safety net in the United States, the 340B program, celebrated its birthday this month!
Not many people outside the industry have heard of 340B, but may have a family member or friend who has benefited from one of the most successful efforts to lower drug prices and expand care for those in need.
Since it was signed into law by President George Bush in 1992, the 340B program has helped hospitals, clinics, and health centers provide health care to millions of patients with low incomes or living in rural parts of the country at no cost to taxpayers. These patients received care from their health provider and the assistance they needed, but many of them don’t realize that it was 340B that made it possible.
Happy Birthday!
340Basics News
Thanksgiving is a word of action!
We feel strongly about hands on volunteering and giving back to our community. This month, team members joined Habitat for Humanity and assisted building a house for a family who has fallen on hard times.
Volunteering not only has a positive impact on a community, it has a positive effect on those that are participating. Getting boots on the ground and physically giving time and energy creates an eye-opening experience. We leave these acts of volunteerism as a stronger team and energized by our efforts.
If your organization has events that our team can volunteer for, you can send requests to mgaffney@340Basics.com.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 6 – April 2020
Amidst these uncommon times, our focus remains the same…OUR CLIENTS!
First and foremost, the entire 340Basics team wishes you and your families health and safety. We would like to express our great appreciation to those on the frontlines, providing much needed care and support during this time. Please note, that our entire 340Basics team is continuing to operate as normal and are available to meet all your organizations needs.
While we are practicing distancing…we are still remaining social!
We understand staying well informed and up-to-date with current changes to health care regulations, as well as 340B updates, is imperative. In an effort to assist, we have created resources located within our website that are regularly updated and easily accessible. Please read below for more information.
Informative Resource Page
340Basics’ continues to gather and relay important information in regard to COVID-19 and 340B program updates. This valuable resource contains relevant material from various outlets and is updated regularly, providing you access to vital information, in one place.
340Basics’ Educational Webinars aim to inform and engage on various 340B topics. Here you will find our recordings pertaining to COVID-19, impacts to the 340B program, our various cutting-edge 340B software solutions and industry leading guest speakers discussing trending topics.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 7 – June 2020
Just a friendly reminder, we are here for you!
As President and Founder of 340Basics, I would like to take a moment and thank you for your continued partnership through these recent difficult times. Your business is very greatly appreciated and one of our central goals is to ensure your complete satisfaction.
Feedback is extremely important; it enables us to have clear visibility in the areas we are excelling and those that we may improve upon.
Listening and utilizing this feedback from clients allows us to improve. After receiving feedback regarding our system reporting, we promptly took action, and are currently in development of an improved tool. This powerful enhancement will provide deeper insight, dashboards containing accurate data, and an advanced ease of use.
Do you have feedback that you would like to share? Whether it be on areas we excel in or suggested improvements, my hope is that you will share your thoughts with us so that we continue to provide excellent services and solutions.
I thank you again for your partnership with 340Basics, and I hope to hear from you soon.
OPAIS Registration is right around the corner! The registration period runs from July 1st through July 15th to register sites and contract pharmacies for participation in the 340B Program starting October 1st.
If you were unable to attend our registration webinar, look for your email coming soon with access to the recording and presentation.
340Basics News
New tool in development
As mentioned above, we’re currently in development of a powerful new reporting tool. This cutting-edge enhancement will improve your ability to dive deeper into your 340B program with speed and ease.
More info coming soon! Contact your Account Manager to learn more.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 8 – November 2020
Thankful for our Clients! (and new software enhancements!)
Happy Thanksgiving! This has been an especially challenging year, with many issues directly affecting Covered Entities and the 340B Program. We are thankful for our continued partnership and grateful for the care you provide your communities.
We are very excited to release the following valuable improvements & additions to our 340B Management software. Please read below and learn more, these are set to launch in the coming weeks.
NEW Client Dashboard 340Basics is deploying a newly enhanced dashboard, giving clients a much improved overview of their 340B Program. We have added features that enable clients to quickly and easily drill into data.
Ability to view trends by claim type for dates selected in an interactive bar graph
Claim type trends graph displays the proportion of Third-Party, Managed Medicaid, Uninsured, and Referral Program claims, if applicable
Net Savings module includes Cost of Goods tab with a category breakdown
NEW Program Performance Summary
Access to an accurate synopsis of your 340B program is extremely important, as well as the ability to save and work with that data. 340Basics has developed a report that contains data that is presented on your dashboard.
Report includes Total Cost of Goods with a detailed breakdown
Provides Net Savings by pharmacy detail
A clearer overview of data and captured claims by type
UDS Report Enhancement After listening to our client’s feedback, we have drastically improved our UDS report. These enhancements will contain new data and mimic the specific areas on the actual UDS report that pertain to the 340B Program. A few highlights below.
Ability to run and export monthly or yearly
Account for 340B costs integrated and related to 340Basics. i.e. Gateway, Switch, Referral fees, to be included in “Pharmacy not including pharmaceuticals”
NEW Manufacturer Claim Report
In response to requirements set by manufacturers, 340Basics has developed a report to be uploaded directly to the 340B ESP site. If you have registered, this report will be available to your organization
Data for only required 340 ESP data fields, no additional data included
Provided claim data will look back to September 1, 2020
Ability to run report on one or many manufacturers
NEW Reporting Tool
340Basics is releasing a powerful tool that enables Covered Entities to better monitor the performance of their 340B program, providing a deeper insight allowing clients to dissect and analyze trends.
Forging a strategic alliance with Microsoft has allowed us to develop an extraordinary, in-depth, reporting engine utilizing Azure BI that will transcend any other solution in the market today.
For more information, please contact your Account Manager.
Welcome to our newsletter! Keep up with Industry news and with 340Basics.
Vol. 9 – March 2021
Express Scripts Educational Webinar – Don’t Miss it!
Join us Monday, March 15th at 1:00 pm EST for an in-depth overview on the recent notice of 340B claim requirements from Express Scripts. We will be joined by Peggy Tighe, Principal at Powers Law Firm, to review what this notice means and to answer your pressing questions.
340Basics provides these educational webinars in an effort to continually keep our clients up to date with current issues and trends in the 340B program. We hope you are able to join us. If you are unable to attend, this webinar will be recorded and available the following day.
Thank you for your continued partnership.
EXCITING NEW OFFERING!!!
Introducing a newPowerful partnership between respected 340B Program experts providing unparalleled compliance and audit services.
Our consulting division, Assent, has partnered with Powers Law Firm to offer a HIGHER level of 340B Program support. With mock audits and consulting services provided by Assent, combined with access to training, education and technical assistance provided by Powers Law Firm – we remove any doubt surrounding your 340B Program compliance. Included Services:
Oops, We Did it Again – Even MORE Recent System Enhancements
340Basics strives for excellence! During the last 6 months we have deployed excellent new features into our system, a few of which are listed below. If you missed them or would like to learn more, please reach out to your Account Manager.
Get Ready to Better Understand your Data – Here Comes Syntivo!
In the coming weeks we are releasing a powerful tool that enables our clients to better monitor the performance of their 340B program, providing a deeper insight and the ability to scrutinize and analyze trends.
Forging a strategic alliance with Microsoft has allowed us to develop an extraordinary, in-depth, reporting engine utilizing Azure BI that will transcend any other solution in the market today.
