Image depicting a graph related to Google Analytics metrics, illustrating data trends relevant to the 340B Program compliance and healthcare consulting services provided by Ponaman Healthcare Consulting.

340B Program Consulting by Ponaman Healthcare Consulting340B Services

Customized to your specific needs

Ponaman Healthcare Consulting has been providing 340B consulting services for the since 2001. Our key focus is to assist 340B participating or eligible entities to enhance cost-savings opportunities while maintaining regulatory compliant programs.

Our clients include a range of 340B Covered Entity types such as children’s hospitals, disproportionate share hospitals, sole community hospitals, critical access hospitals, rural referral centers, community health centers, Ryan White programs, family planning clinics, STD clinics, and departments of public health. Ponaman also works closely with 340B contract pharmacies in support of the 340B Program.

Ponaman’s services include the following:

HRSA 340B Audit support

340B Program Integrity Audits

340B independent external audits

340B Compliance Monitoring

Implementation support

Other 340B services

Start The Conversation

Complete the form and we’ll reach out to you ASAP via the contact information you provide.

Understanding the 340B Drug Pricing Program

The 340B Drug Pricing Program is a crucial initiative that enables eligible healthcare organizations to purchase outpatient drugs at significantly reduced prices. This program helps these entities stretch their resources and provide more comprehensive services to their patients, particularly in underserved communities.

Established by the Veterans Health Care, Capital Asset, and Business Improvement Act of 1992, the 340B program has evolved to support a wide range of healthcare providers, including hospitals and clinics. By participating in this program, entities can enhance their financial sustainability while ensuring access to necessary medications for their patient populations.

Benefits of 340B Consulting Services

Engaging with 340B consulting services can provide healthcare organizations with expert guidance on navigating the complexities of the program. These services help clients maximize their savings and ensure compliance with federal regulations, ultimately leading to improved patient care and organizational efficiency.

Consultants like Ponaman Healthcare Consulting offer tailored strategies that address specific needs of diverse healthcare entities. By leveraging their expertise, organizations can implement best practices for program management, optimize their purchasing processes, and mitigate risks associated with compliance failures.

Challenges in 340B Program Management

Managing a 340B program involves various challenges, including maintaining compliance with HRSA regulations, ensuring accurate record-keeping, and navigating potential audits. Organizations must remain vigilant to avoid pitfalls that could jeopardize their eligibility or savings.

Common challenges include understanding the intricacies of eligible patients and drugs, managing contract pharmacies, and keeping up with changes in legislation. By seeking consulting support, organizations can better navigate these hurdles and focus on their core mission of providing quality healthcare.

If you’re interested in optimizing your 340B program, Ponaman Healthcare Consulting is here to help. Our team of experts is dedicated to providing personalized consulting services that address your specific needs and challenges in the 340B landscape.

We encourage potential clients to reach out for a consultation to discuss how we can assist you in maximizing your program's effectiveness and ensuring compliance. Contact us today to start the conversation and take the first step toward enhancing your 340B program.