Compliance is the foundation of a successful 340B program and, rightfully so, is the primary focus for most 340B covered entities. Often, this focus consumes most available staff and resources, leaving terms like optimization and augmentation not only feeling nebulous and out of reach, but also as though focusing on optimization compromises or puts compliant processes at risk. What many don’t realize is that compliance and optimization are not opposing forces, but rather companions that work in asymbiotic relationship; you can indeed have a compliant 340B program and ensure you are capturing all potential savings available to you!
When a 340B program is operating as it should, it is more likely to be operating compliantly and in a manner that optimizes savings to the organization. Conveniently, much of the information that is used to assess compliance of a 340B program can be used to identify missed opportunities, making it even easier to have your cake and eat it too. Commonly over–looked opportunities that may be buried in compliance analyses include improper wholesaler pricing, NDC and/or CDM mapping, drug waste management, and retail pharmacy prescription capture.Join us to walk through some examples of the opportunities we’ve uncovered for entities like you!
Watch the Webinar Here!
Meet the Speakers
Chelsea Violette, PharmD, BCPS, BCACP, 340B ACE
Director of Optimization
Chelsea has been with SpendMend Pharmacy for just over two years and currently serves as Director of Optimization while still maintaining some of her previous responsibilities as Lead Pharmacist Auditor. Chelsea brings diverse experience to the team, having previously served as Inpatient Pharmacy Manager for a 500+ bed disproportionate share hospital in Cleveland, Ohio, as well as Pharmacy Operations Manager for a Federally Qualified Health Center in Bangor, Maine. In both roles, she was responsible for operational and integrated clinical pharmacy services, while managing and growing each of their 340B programs. While in Maine, she also served as Residency Director for the Community Pharmacy PGY1 Residency Program, and Residency Coordinator for the Health Systems Pharmacy Administration and Ambulatory Care PGY2 Residency Programs. Additionally, Chelsea’s experience with the 340B program includes a rotation with the Apexus 340B Prime Vendor program during her Health Systems Pharmacy Administration Residency in which she contributed to the Contract Pharmacy sessions of 340B University; service as a faculty member at 340B University, speaking on In-House Pharmacy, Contract Pharmacy, and Hot Topics from 2016-2019; and presenter at 340B Coalition conferences speaking on 340B program operations and compliance.
Matt Parker, PharmD, MHA, 340B ACE
Director of Optimization
Matt has served as Director of Optimization for SpendMend Pharmacy for just over a year and carries with him over 15 years of health care experience, serving in a variety of roles in retail and health system pharmacy. Most recently, Matt was the Manager of Consolidated Pharmacy Services at Prisma Health, a large integrated delivery network based in Greenville, South Carolina. At Prisma Health, Matt successfully designed and implemented a state-of-the-art Consolidated Service Center (CSC). Within the CSC Matt was responsible for Pharmacy Supply Chain & Strategic Sourcing, Pharmacy Supply Chain Information Services, 503B Outsourcing Production, Centralized Unit Dose Repacking, and Business Operations. Matt was directly involved and accountable for 340B operations across the pharmacy enterprise, which included a total of eight covered entities with numerous child sites and contract pharmacies. During his tenure, Prisma Health experienced significant improvements in the financial performance of the 340B program and great advancements in program oversight and compliance. Matt looks forward to using his experience to help covered entities across the country optimize and grow their 340B programs.