It’s not new information that 340B audits by the Health Resources and Service Administration (HRSA) are steeply increasing. In 2014, HRSA committed an additional $6 million to increase 340B program integrity and oversight. HRSA completed a total of 789 covered entity audits between 2012-2017.
Considering this, it’s critical that hospitals and health systems participating in the 340B program are not just compliant today but employ a systematic approach to continued compliance. The following recommendations can assist you in achieving this goal.
Implement up-to-date policy and procedures that reflect best practices and your organization’s unique operations
Develop a robust, internal auditing program. The more frequent – the better.
Promote education and 340B advocacy across the covered entity including your leadership.
Schedule an independent audit of your 340B program
Presently, HRSA audits are a given, but adverse findings don’t have to be. With robust policies and procedures, documentation, and an enterprise-wide commitment to compliance and education you can be successful. Download the full compliance guide to learn more!
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