Over the last year, multiple distributions have been received by providers from the Department of Health and Human Services (HHS) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These distributions were made before any guidance was provided on allowable costs and the future reporting requirements. Since then, there has been an abundance of [...]
340B Recertification for Community Health Centers begins February 1, 2021 and must be completed by March 1. The annual 340B recertification provides an opportunity for a comprehensive review of your health centers’ OPAIS registration(s). We wanted to share common opportunities to enhance compliance that we have identified when working with health centers’ 340B Programs. Retail [...]
View the 340B Update video from Draffin Tucker's 2020 Virtual Healthcare Conference here.
“Eligible healthcare providers can realize substantial financial benefits from the discounts that drug manufacturers are required to provide on outpatient drugs under the 340B Drug Pricing Program. Because the program is complicated, internal audit can help assure that compliance risks are properly identified and managed.” Read more from this article by Draffin Tucker Manager [...]
On Thursday, June 11th the Governmental Accounting Standards Board (GASB) issued a proposed technical bulletin to clarify accounting and financial reporting issues related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Disease. There is a 15 day comment period with an immediate effective date upon final issuance. The [...]
At a time when 340B hospitals are providing vital services to their communities in the wake of COVID-19, facing budgetary shortfalls and making critical staffing decisions, CMS has released its survey of average 340B acquisition costs for hospitals paid under OPPS. CMS notes that the average time to complete the survey will be 48 hours [...]
We hope to see you at the 340B Coalition Winter Conference, February 10-12 in San Diego! Draffin Tucker’s 340BACE, Matthew Atkins, will be speaking in two sessions: “Audit Findings Update and Improving Compliance” (2/10) and “Strategies to Prevent Duplicate Discounts” (2/11). Visit www.340BWinterConference.org to register for this conference.
Draffin Tucker’s Tyler Rose recently wrote an article explaining this tax credit and how pecan growers can benefit. Background In November 2018, the Georgia General Assembly passed House Bill 4EX during a special session. This law established the “Georgia Timber Tax Credit” in response to the devastation caused by Hurricane Michael. Because of the misleading [...]
Draffin Tucker’s Matt Atkins was a featured speaker at the HFMA Annual Conference, held June 23-26 in Orlando Florida. During his session, those in attendance learned about the increasing scrutiny and pressure on all fronts of the 340B Program as well as the compliance steps that should be implemented to ensure program integrity and common [...]
Draffin Tucker manager, Matt Atkins, is scheduled to speak at the HFMA 2019 Annual Conference with the topic: 340B Compliance: Protecting Your Savings. During his session, he will discuss the increasing scrutiny and pressure on all fronts of the 340B Program, as well as the compliance steps you should implement to ensure program integrity and [...]