Overcoming Challenges with 340B Contracts Featuring Amanda Gaddy

Data from the ‪@NCPAvids‬ shows that there are over 17,000 health care facilities that are eligible to participate in 340B programs, with many of these facilities being located in rural America.
This can give your pharmacy a competitive advantage and make your pharmacy the healthcare hub of your community by providing care to an underserved patient population.
But how do you know if this is an area worth exploring? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Amanda Gaddy, R. Ph. Co - Founder and COO of ‪@secure340b6‬ to dive deep into 340B contracts, legislative updates, how DIR fees and the change health care fiasco are affecting contracts, and the impact it can have on your bottom line!
Schedule an Rx Assessment: www.sykes-cpa.com/rx-assessme...
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Time Stamps 🕰️:
00:00 - 00:20 - Intro
00:21 - 1:17 - Bonnie’s Flat Tire
1:18 - 2:15 - Welcome Amanda Gaddy
2:16 - 4:22 - What is 340B
4:23 - 4:58 - Why It’s Important to Overlay Your Information
4:59 - 6:28 - 340B Use Case
6:29 - 7:30 - How to Get Into 340B
7:31 - 8:44 - Exploring 340B Opportunities
8:45 - 9:12 - Where Secure 340B Comes In
9:13 - 10:37 - Challenges with Manufacturer Restrictions
10:38 - 10:49 - Scotty is Back to Coffee!
10:50 - 11:50 - Renegotiating 340B Contracts
11:51 - 13:15 - How DIR Fees Are Affecting 340B Contracts
13:16 - 15:39 - What’s New with Secure 340B
15:40 - 17:36 - Tracking Inventory and 340B
17:37 - 21:06 - To Fill or Not to Fill a Brand
21:07 - 23:10 - Change Health Care and 340B
23:11 - 25:26 - Secure 340B Service Breakdown
25:27 - 26:43 - Case Study
26:44 - 27:33 - Trade Show Circuit
27:34 - 28:30 - Bonnie’s First Bottom Line
28:31 - 29:05 - Amanda’s First Bottom Line
29:06 - 29:27 - Scotty’s First Bottom Line
29:28 - 30:06 - Amanda’s Second Bottom Line
30:07 - 30:46 - Bonnie’s Second Bottom Line
30:47 - 32:33 - Scotty’s Second Bottom Line
32:34 - 32:57 - Bonnie’s Final Bottom Line
32:58 - 33:11 - Outro
More About Secure340B:
Secure 340B helps pharmacies navigate the complexities of the 340B landscape and ensure their programs remain efficient and profitable by identifying 340B opportunities in your area, projecting future bottom line outcomes in your pharmacy from 340B contracting, evaluating and restricting any existing programs you may have, and manufacturer price restoration, so your pharmacy can continue to serve your community.
More About Amanda Gaddy:
Amanda Gaddy is a pharmacist with over 29 years of experience. She has a passion for helping pharmacies and health systems come together to form partnerships ultimately improving healthcare outcomes. She knows the importance of 340B and how it can positively impact local communities when structured correctly. While it can be beneficial, the program can be detrimental without complete understanding by all parties. Having been a leader of the Contract Pharmacy team for one of the 340B administrators, she has extensive knowledge when it comes to 340B. This allows her to help all program participants evaluate and understand the program and also optimize the partnership.
Want to learn more about Amanda and Secure340B? Click below to check them out!
Amanda Gaddy LinkedIn: / amanda-gaddy-52120546
Secure340B Website: www.secure340b.com/
Secure340B Facebook: / secure340b
Secure340B Twitter (X): / secure340b
Secure340B LinkedIn: / secure340b
Secure340B Instagram: / secure340b
Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. www.sykes-cpa.com/media-resou...
Want to stay connected with us? Check out all our social media:
Sykes & Company P.A.:
Facebook: / sykesandco
Twitter: / ollinsykes
LinkedIn: www.linkedin.com/company/syke...
CPA’s:
Scotty Sykes - CPA, CFP LinkedIn: / scottysykes
Scotty Sykes - CPA, CFP Twitter: / scottysykescpa
Bonnie Bond - CPA LinkedIn: / bonnieevansbond
Bonnie Bond - CPA Twitter: / bonnieevansbond
More resources on this topic:
Resource - Explore 340B Opportunities: 340bopais.hrsa.gov/home
Podcast - Understanding 340B Contracts: www.sykes-cpa.com/understandi...
Webinar - How to Thrive in the 340B Space: www.sykes-cpa.com/340b-how-to...