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Expanding Healthcare Support to Smaller Hospitals

Expanding Healthcare Support to Smaller Hospitals

By Curtis McEntire, VP of Trulla Solutions, SpendMend Pharmacy SpendMend recently introduced a strategic expansion of Trulla, our acclaimed pharmacy analytics and procurement software, with a broader focus that now includes smaller hospitals. This move represents a...

Delivering Unprecedented Savings: The Journey of Trulla

Delivering Unprecedented Savings: The Journey of Trulla

By Jake Thompson, VP of Pharmacy Solutions and Strategy, SpendMend Pharmacy I've been fortunate to witness firsthand the transformative journey of Trulla. Founded in 2018 and acquired by SpendMend in 2022, the overall goal of the software has been to simplify pharmacy...

Five Lessons Learned from the SpendMend 2024 Sales Summit

Five Lessons Learned from the SpendMend 2024 Sales Summit

By  Tom Flynn, VP of Marketing Last week, the SpendMend Sales, Marketing, and Account Management teams traveled to Chicago for a three-day Sales Summit. It was a week filled with awards, training, team-building, and strategic planning, setting the tone for an exciting...

The Importance of a Recovery Audit in Healthcare

The Importance of a Recovery Audit in Healthcare

By  David Hewitt, Senior VP of Sales A recovery audit in healthcare is an assessment of a healthcare system or hospital's financial processes and transactions. The goal of this audit is to identify opportunities to improve efficiency and recover any overpayments or...

The Revolution of Rebate Management in Healthcare Supply Chains

The Revolution of Rebate Management in Healthcare Supply Chains

By  Jonas Langvad, VP of Product – Rebate Insight, SpendMend In the dynamic world of healthcare supply chains, innovation is a constant. Over the years, we've seen significant changes that have transformed various facets of this industry. One of these transformations...

The Top 7 Changes to Expect in Healthcare in 2023

The Top 7 Changes to Expect in Healthcare in 2023

By  Al Brander, CSO The healthcare industry is constantly evolving, and 2023 promises to bring a number of significant changes and developments. Here are the Top 7 changes to expect in healthcare in 2023: Increased adoption of telehealth services: The COVID-19...

The Key Pressure Points of Financial Leakage Healthcare

The Key Pressure Points of Financial Leakage Healthcare

Written By:  Kylee Savage, Marketing Manager, ksavage@spendmend.com   The Three C’s The healthcare industry experiences some of the highest rates of financial leakage and (subsequent profit recovery) due to three key pressure points:  Complexity, Compliance and...

How is SpendMend Just Like March Madness?!

How is SpendMend Just Like March Madness?!

By  Brett Stuebinger, Senior Vice President, Client Value & Innovation March Madness, the annual college basketball tournament, is a thrilling whirlwind of competition, upsets, and nail-biting finishes. But how could SpendMend, the leading provider of cost-saving...

SpendMend Pharmacy 340B Legislative Update 2023

SpendMend Pharmacy 340B Legislative Update 2023

By Rob Nahoopie, PharmD, MS, ACE Greetings, 340B community! It’s been a while since my last blog article. For those who have been with us for many years, you may recall that prior to joining SpendMend and even before the inception of Turnkey Pharmacy Solutions, we had...

A Webinar of Substance…

A Webinar of Substance…

By  Al Brander, CSO Last week, I had the pleasure of hosting a webinar with two esteemed experts, Rob Nahoopii and Dr. David Shulkin. Our webinar, "Four Compliance Pitfalls that can Devastate your Hospital’s Margin in 2023," was a huge success, with many attendees...

So Proud to Announce Another Banner Year for SpendMend!

So Proud to Announce Another Banner Year for SpendMend!

By Kylee Savage, Marketing Manager As a proud employee of SpendMend, I am thrilled to be a part of a company that is making such a significant impact on the healthcare industry. Our innovative cost-saving solutions have been helping hospitals and health systems across...

Why Should Your Hospital Use An Asset Recovery Audit?

Why Should Your Hospital Use An Asset Recovery Audit?

By  Kylee Savage, Marketing Manager Use an Asset Recovery audit as a comprehensive review of an organization's assets to identify and recover lost or underutilized assets. There are several reasons why your hospital should consider using an Asset Recovery audit:...

Do You Know How You Have Your Purchasing Contracts Loaded?

Do You Know How You Have Your Purchasing Contracts Loaded?

By: Heidi Larson, PharmD, 340B ACE Do you know and understand how contracts are loaded into your wholesaler accounts? As we move into FY23 of 340B Program HRSA audits, SpendMend has seen increased scrutiny on purchasing accounts and practices. This includes mixed-use...

Thanksgiving Wisdom for the Ages

Thanksgiving Wisdom for the Ages

By  Kylee Savage, Marketing Manager Thanksgiving is an important holiday for SpendMend – we know we have so much to be thankful for.  We are thankful for our employees; our employees’ families; our partners; our clients; and for the healthcare professionals that work...

Five Lessons from Last Week’s Company Meeting

Five Lessons from Last Week’s Company Meeting

Last week several hundred SpendMenders descended on our home office in Grand Rapids for our annual all hands meeting. We packed ourselves into a large conference room for a couple hours and we split time reviewing the past year’s accomplishments as well as our...

Why We Created the “340B Unscripted” Podcast

Why We Created the “340B Unscripted” Podcast

By Robert Nahoopii, PharmD, MS, ACE, Senior Vice President of Pharmacy Services at SpendMend You may have heard… and if you haven’t then you soon will.  We are launching the “340B Unscripted” Podcast.  Look for a much wider public announcement in a couple weeks! As we...

Employee Spotlight: Aubrey Harrington

Employee Spotlight: Aubrey Harrington

Welcome to the Employee Spotlight Series! This week, we are featuring Aubrey Harrington. Aubrey is a Data Analyst and has been a part of the team for a year and two months. When asked to describe SpendMend in three words, she stated, “Supportive, Innovative, and...

Change of Entity Type from Rural Hospital to DSH (April 2022)

Change of Entity Type from Rural Hospital to DSH (April 2022)

By: Jennifer Hagen Is your hospital considering a change of entity type from Rural Hospital to DSH? Here are a few things to consider. The First thing your C-Suite will want to know is that this change of status will be for 340B purposes only and will NOT change the...

340B Referral Capture Program

340B Referral Capture Program

By: Riley Protz   Client Background Large non-profit hospital Disproportionate Share Hospital (DSH) with eligible child sites in Primary Care, Neurology, and An expansive contract pharmacy network of over 95 contracts Problem In line with the experiences of many...

The “What, What, What” of Medical Device Explants

The “What, What, What” of Medical Device Explants

By Joe Heminger, Business Development Representative The OIG listed on the 2022 workplan that they will be auditing the hospital’s medical device explants credit process and approved $50 million in funding for these audits. To give you a quick breakdown, we have...

How Can You Be Part of AP Appreciation Week?

How Can You Be Part of AP Appreciation Week?

By  Kylee Savage, Marketing Manager Today marks the first day of the 4th annual AP Appreciation week! During this week, all of us, in and around the AP community take time to celebrate the hard work by everyone in the AP/P2P industry! AP Appreciation week was brought...

Managing Procurement for Ineligible Locations

Managing Procurement for Ineligible Locations

By Chelsea Violette and Rich Bucher A question we’ve received a number of times, in a few different ways is how to manage drug inventory across multiple locations, when you have a mix of 340B eligible and ineligible locations you need to provide drugs to but are...

Profit Recovery Audit in Healthcare – Do Not Delay in 2022!

Profit Recovery Audit in Healthcare – Do Not Delay in 2022!

You Should Not Delay Your 2022 Profit Recovery Audit in Healthcare - by Kylee Savage, Marketing Manager   You really cannot delay the start of your profit recovery audit in healthcare. There is simply too much at stake – this year now more than ever. After...

Employee Spotlight: Jamahl Thomas

Employee Spotlight: Jamahl Thomas

Hello everyone! To start this wonderful weekend, we wanted to bring you another edition of the Employee Spotlight Series! Our focus this week is on Jamahl Thomas. Jamahl is an Audit Supervisor and has been with SpendMend for over two years! He describes SpendMend in...

A Recovery Auditing Overview

A Recovery Auditing Overview

Written By: Kylee Savage, Marketing Manager, ksavage@spendmend.com What is Recovery Auditing? Recovery Auditing, also known as an accounts payable (AP) audit, is a review of both your accounts payable historical data and your vendor’s accounts receivable (AR) records....

Employee Spotlight: Holden Iverson

Employee Spotlight: Holden Iverson

Hello and Happy Friday everyone! This week we are shining the light on Holden Iverson for this installment of the Employee Spotlight Series. Holden Iverson is a Finance Intern and joined the SpendMend team after the acquisition of Turnkey Pharmacy Solutions! Some fun...

340B Brick by Brick

340B Brick by Brick

Written by; Tom Flynn, VP of Marketing  He straightened up a bit and spoke with a little extra bass in his voice, “Hell yeah, I’m proud of it. This is the biggest thing I’ve ever been a part of in my whole career.” Of every great thing I saw in San Diego last week at...

No, The Sales Rep Can NOT Take Care Of It For You

No, The Sales Rep Can NOT Take Care Of It For You

Written by: Al Brander RN MBA FACHE, Chief Sales Officer, SpendMend We speak to large healthcare systems all the time about their policy for managing medical device warranty credits after an explant procedure has taken place. Managing these credits is a laborious...

Are You Doing “Profit Recovery” All Wrong?

Are You Doing “Profit Recovery” All Wrong?

Written By: David Hewitt, RVP of Sales As of six years ago, we had 64 clients and nearly every one of them (over 90%) was doing a traditional profit recovery audit.  Meaning, we were performing a review on our client’s historical AP data.  Typically, we would go back...

Employee Spotlight: Cameron Manning

Employee Spotlight: Cameron Manning

Hello and Happy Friday everyone! For the first 2022 Employee Spotlight edition, we are shining a light on Cameron Manning! Cameron is an Auditor and has been a part of the SpendMend team for about six months. When asked what three words describe SpendMend to him, he...

ADAP: A Quest for Knowledge

ADAP: A Quest for Knowledge

When I was young, I remember my dad saying time and time again, “knowledge is power.” He was always on a quest to learn and to know why or how things worked. It was then, as he felt, his duty to educate my sisters and me. He would end his tutorial with “And now you...

Don’t Forget Referral Capture Strategies

Don’t Forget Referral Capture Strategies

Written By: Rich Bucher While implementing  referral capture strategies can potentially lead to significant 340B savings for your 340B covered entity (CE), it is important to remember that you, the CE, remain responsible for ensuring full compliance. Managing a fully...

Employee Spotlight: Avreil Markham

Employee Spotlight: Avreil Markham

Happy Friday! We want to take the opportunity to talk about the fantastic Avreil Markham for this installment of the Employee Spotlight Series! Avreil is a Statement Acquisition Specialist and has been with the SpendMend team since college! When asked about her time...

Employee Spotlight: Chelsea Violette

Employee Spotlight: Chelsea Violette

Hello everyone! To finish up this week, we wanted to bring you another edition of the Employee Spotlight Series! This time around, our focus is on Chelsea Violette! Chelsea is the Director of Optimization and Lead Pharmacist Auditor and joined the SpendMend team about...

Build Back Better Act and 340B Impact

Build Back Better Act and 340B Impact

By Rob Nahoopii If you are like me, it feels like I have been on a roller coaster ride as I watch what is and what is not going to be included in the Social Reform Bill titled “Build Back Better Act” (BBBA) or H.R. 5376. I have also been having a hard time tracking...

How is SpendMend just like Halloween?

How is SpendMend just like Halloween?

Written By Tom Flynn It's that time of year again… Halloween! In just a couple days, millions of children between the ages of 3 and 13 (and well beyond) will be dressing up as their favorite monster or princess or who-knows-what and scouring their neighborhoods to...

Price Validation for Pharmacists

Price Validation for Pharmacists

Written By: Michelle Regnier, Business Development Manager, Pharmacy Services As a pharmacist, you’re asked to expand your area of expertise from time to time to negotiate pricing and terms with wholesalers and group purchasing organizations.  You do your best to...

Go Ahead, Have Your Cake and Eat it Too!

Go Ahead, Have Your Cake and Eat it Too!

Written By Chelsea Violette and Matt Parker Compliance is the foundation of a successful 340B program and, rightfully so, is the primary focus for most 340B covered entities. Often, this focus consumes most available staff and resources, leaving terms like...

Employee Spotlight: Michele Gort

Employee Spotlight: Michele Gort

Hello everyone! Let’s celebrate another fantastic Friday with an edition of the Employee Spotlight Series! This week, we would like to introduce you to Michele Gort! Michele is a Data Analyst and joined the SpendMend team in early 2019. Michele loves her job and her...

SpendMend Dedicates Bee Brave 5k Fundraiser to Team Member

SpendMend Dedicates Bee Brave 5k Fundraiser to Team Member

Written by: Hannah Geelhoed, Community Involvement Coordinator When I first joined the SpendMend team just over 5 years ago I was given the directive from the executive board to “get SpendMend more involved in the community”. This seemed like a broad venture to take...

The Strange Case of Vanishing Invoices

The Strange Case of Vanishing Invoices

Written By: David Hewitt Missing Invoices: The Problem Are you missing some of your vendors’ invoices?  Is your RNI balance growing month after month? If you’re like most AP departments, you’re probably missing some percentage of your vendor invoices and this slow...

The Typical Points of Failure for Reporting Medical Device Credits

The Typical Points of Failure for Reporting Medical Device Credits

Written By: Joe Heminger, Business Development Manager The Office of Inspector General (OIG) performed a review of medical device credits to determine whether hospitals complied with Medicare requirements for reporting manufacturer credits associated with recalled or...

DSH Risk, Advocate, and Hope it is not needed, Steps to Terminate

DSH Risk, Advocate, and Hope it is not needed, Steps to Terminate

 “One-Fourth of 340B DSH Hospitals at Risk of Losing Eligibility Due to Pandemic, Analysis Finds.” This is a shocking headline that recently caught my eye as I was perusing the 340B Report. The article further goes on to explain that an analysis of hospital Medicare...

SpendMend Qualifies for Grand Rapids Business Hall of Fame

SpendMend Qualifies for Grand Rapids Business Hall of Fame

Written by: Kylee Savage I am so proud to report that SpendMend has been selected for the 2021 Grand Rapids Awards for Enhanced Audit Recovery by the Grand Rapids Award Program. SpendMend has received this award for three consecutive years and it now qualifies us for...

340B Program Excellence: A Year in Review

340B Program Excellence: A Year in Review

Written By: Rob Nahoopii This week marks exactly one year since Turnkey Pharmacy Solutions became a member of the SpendMend team.  If I think back to that hectic time surrounding our transition, I remember sharing the news with several colleagues.  Everyone was...

Is 340B Referral Capture Right For Your Organization?

Is 340B Referral Capture Right For Your Organization?

Written By: Jake Thompson, jthompson@spendmend.com Earlier this month we announced that the 340B Referral Capture program has been made available to all current and new clients moving forward.  Since this announcement, we have been receiving calls daily...

Making Sure Your Clean Site Is Clean

Making Sure Your Clean Site Is Clean

Similar to the often used phrase “be sure this is included in your policy and procedures”, auditors get the same satisfaction by telling folks that “this needs to be included as part of your routine self-auditing”. It is easy to assume clean sites don’t need much...

Employee Spotlight Series: David Theobald

Employee Spotlight Series: David Theobald

Hello everyone! Let’s celebrate this wonderful Friday with another edition of the Employee Spotlight Series! This week, we would like to introduce you to David Theobald! David is a 340B Analyst and joined the SpendMend team about seven months ago. It was great getting...

What Makes a Best-in-Class Recovery Audit Firm in Healthcare?

What Makes a Best-in-Class Recovery Audit Firm in Healthcare?

Written By; David Hewitt, RVP of Sales - East What are the basics for a Recovery Audit provider? At minimum your Recovery Audit firm should be checking all the following boxes. Working offsite/Remote access Online claims delivery Data files (AP, Vendor Master, PO,...

Memorial Day Remembrance

Memorial Day Remembrance

Memorial Day is the most poignant and bittersweet holidays in the United States. It’s the day dedicated to the fallen. Those who paid the ultimate sacrifice so the rest of us can enjoy the privilege and responsibility of freedom. Often seen as the official start of...

Happy AP Appreciation Week to AP Professionals Across the World!

Happy AP Appreciation Week to AP Professionals Across the World!

Written By: Tom Flynn, VP of Marketing We wanted to take this opportunity to acknowledge the Accounts Payable Association, their leader Jamie Radford and his superb team to thank them for hosting and promoting this year’s Accounts Payable Appreciation Week! It’s...

Referral Capture: Finding Additional Savings in Your 340B Program

Referral Capture: Finding Additional Savings in Your 340B Program

Referral capture in the 340B world is not a new concept. What it requires is a Holmes and Watson investigative spirit, time, and most importantly…an eye focused to Compliance. In the 340B world, we live and die by the 340B patient definition.  HRSA has given very...

The Typical Process of a Recovery Audit Firm

The Typical Process of a Recovery Audit Firm

Written by: Kylee Savage, Marketing Manager Every firm offers a slightly different approach, but the general approach of most firms follows a similar pattern: Discovery —Each firm goes through an investigative or discovery phase in which the Recovery Audit firm will...

HIN What?

HIN What?

HIN What? Many of you have been following and evaluating your options as multiple manufacturers have restricted contract pharmacy pricing for CEs.  You probably also received our email communication in February describing a few exception opportunities that exist for...

How is SpendMend Just Like the Easter Bunny?

How is SpendMend Just Like the Easter Bunny?

Written By: Tom Flynn, VP of Marketing On Easter mornings when I was young, my parents used to hide plastic eggs all around the house with little surprises in them. Some eggs had chocolate candy inside. (I liked those) Some eggs had dental floss in them. (I didn’t...

Don’t Be Fooled… By Medical Device Non-Compliance!

Don’t Be Fooled… By Medical Device Non-Compliance!

Written By: Joe Heminger, Business Development Manager It’s April first and it’s hard enough to get through the day without some prankster trying to pull a fast on you. The last thing you want to do is fool yourself concerning medical device non-compliance, but in our...

How is SpendMend just like St. Patrick’s Day?

How is SpendMend just like St. Patrick’s Day?

by Michael Koory, SpendMend, VP Sales - Mid-America Today marks St. Patty’s Day (a.k.a. the Feast of Saint Patrick) which is a cultural and religious holiday celebrated every year on 17th of March in Ireland and by Irish communities around the world. Over the...

340B and Fee-For-Service Medicaid AAC Requirements

340B and Fee-For-Service Medicaid AAC Requirements

A topic we have covered in our client newsletter in the past, but is long overdue for a full discussion is 340B actual acquisition cost (AAC) requirements for fee-for-service (FFS) Medicaid billing in many states. In 340B audits we perform for clients, we review the...

Top 4 IT Optimization Recommendations for 2021

Top 4 IT Optimization Recommendations for 2021

Written by: Evan Katzman, OptiSave Demands on health systems’ Information Technology (IT) teams continue to grow exponentially. ERP and EMR implementations, integrations accompanying mergers and acquisitions, and securing an ever-expanding digital footprint are just a...

Observing Key 340B Program Savings Trends Based on Drug Spend

Observing Key 340B Program Savings Trends Based on Drug Spend

Written by: Jake Thompson, PharmD, MS, SpendMend VP of Pharmacy Services, Growth and Optimization Industry Observations In the past two years, my team and I have worked with over 50 distinct hospitals on drug spend optimization projects ranging in size from $300K up...