Pharmacy business is mission critical. Expansion of pharmacy services is key for an organization to increase its financial sustainability and requires the need to maintain compliance with federal and state regulations. We assist organizations with identifying opportunities for expansion and exploring the risks/benefits, cost, and revenue associated with expansion while meeting regulatory requirements. The solutions we provide include:
New pharmacy start-up
Proforma /ROI Analysis
Pharmacy inventory management and supplier contract review
New revenue opportunities
Pharmacy management system
Expense reduction with cost savings opportunities
Pharmacy DASH board creation
Optimized Pharmacy Staffing
Electronic Input Enhancement
We analyze your current pharmacy operations and make recommendations to promote future growth. Our solutions include: • Gross margin analysis • Automated refills • Medication adherence • Clinical services • Expansion of services – Offer additional patient services and open new revenue streams with mail order, employee fills, Specialty dispensing, Medication Therapy Management and more. We help you implement new technology or a centralized services business model. Our pharmacy consultants have the expertise to help you: • Assess technology needs • Prepare for the unexpected – Set staff expectations earlier in the transition cycle and avoid last-minute decision-making • Streamline technology adoption – Reduce overall implementation time for new technology • Change management– Plan and document changes for employees
We understand the various challenges and nuances of the 340B Program. Our hands on experience with operating 340B pharmacies, partnerships with trusted Third-Party Administrators (TPA), and other key stakeholders help establish a viable and successful 340B Program. We help Covered Entities maximize serving their communities, while remaining compliant with the Health Resources and Services Administration (HRSA).
New to the 340B Program?
Our team will work with you to implement a successful program right from the beginning. We provide the following solutions:
340B Program expansion via 340B contract pharmacy relationships with local community independent pharmacies.
Contract Pharmacy Analysis - ensuring pharmacy relationships make financial sense.
Findings Analysis - identifying potential risks, internal control gaps and other compliance issues. Diversion and corrective action recommendations - addressing risk caused by non-compliant issues.
HRSA Audit readiness and support - providing clients with the assurance that they are ready for their audit.
340B Program Implementation and support - supporting entities new to the 340B Program.
Ongoing 340B Program Compliance review- Quarterly program review to ensure ongoing compliance.
Understanding the regulatory environment and your obligations can be daunting. Pharmacy is regulated at the state level, so requirements can vary from state to state. Federal agencies such as CMS, DEA, FDA and OIG all have regulations that impact manufacturers, wholesalers, distributors, other suppliers, pharmacists and pharmacies. There are entities which have their own unique set of guidelines and qualifications for accreditation. We help you better understand the myriad of regulations, qualifications and your professional obligations. Solutions provided include:
Policy and Procedure development
Medicaid and Medicare licensing
Corrective Action Plans
Error prevention processes
Key performance measurements
Internal management controls
Pharmacy Specialty Accreditation
Pharmacy accreditation comes with benefits! We offer comprehensive accreditation consulting services to pharmacies to provide more comprehensive service and increase revenues. We partner with our clients to successfully achieve and maintain accreditation. Services provided include:
Gap analysis and project planning
Policies and Procedures
Quality program and data collection
NEW ONSITE PHARMACY BUILDOUT
We'd be happy to answer any of your inquiries. Fill out our online contact form today!