Intelligent Health Association Presents 340B and the Business of Pharmacy Workshop

KIRKLAND, Wash., March 24, 2015 /PRNewswire/ -- Talyst, a market leader in pharmacy automation and 340B software and services has joined with the Intelligent Health Association (IHA) to present a half-day 340B and the Business of Pharmacy workshop in Chicago, IL. The workshop, which takes place on Sunday, April 12^th, will bring together an extraordinary group of diverse experts from a variety of disciplines to lead the discussion of workshop topics.

"Absence of C-Suite support makes realization of 340B maximum benefits impossible," said Gary Johnson, Chief Pharmacy Officer at the University of Kentucky.

John Jonhson, the Director of Pharmacy at Sharp Memorial Hospital who will be presenting at the workshop had the following to say, "I was honored to be asked to co-chair this workshop, being brought to you by Talyst and IHA. 340B and the Business of Pharmacy is an extremely relevant and complex topic.  With a healthy understanding of all the nuances and pitfalls, hospitals are better positioned to defend an audit but more importantly can better leverage the program and benefits for its original intent."

The workshop will include a number of topics, including:

• Innovative ambulatory pharmacy models optimizing 340B opportunities including contract pharmacy and specialty pharmacy.
• Detailed discussion around the emergence of specialty pharmacy as it relates to contract pharmacy and the 340B program.
• Strategic Implementation challenges regarding contract pharmacy and 340B compliance.
• 340B Audit and Compliance strategyand tactics to operate a HRSA complaint 340B program.

• Several major hospitals, including University of Kentucky.
• Accredo, the nation's largest Specialty Pharmacy.
• Hall Render, the nation's largest law firm exclusively focused on health care organizations.
• Talyst, one of the leading 340B Software and Services Suppliers.

"The implementation of our 340B solution resulted in an additional $2 million of savings in the first year," reported Mark P. Chabot R.Ph, Pharmacy Services Automation Supervisor at the University of Virginia.

"As the 340B program has grown over the past decade, both opportunities and oversight have greatly increased," said George Puckett, General Manager of Talyst's 340B business unit. "As available 340B savings for pharmacies has grown exponentially, so has HRSA's audit and oversight of the 340B program. This workshop will assist in ensuring that covered entities are making the most of their opportunities, while maintaining an effective audit and compliance program."

Customers can get 10% off the admission price to the workshop simply by entering the word, 'Talyst' when registering. To learn more and register for the workshop, visit the Intelligent Health Association website at http://ihassociation.org/agenda-dsc/. For information about Talyst's 340B offerings visit http://www.talyst.com/products/340b/.

Event Details:
Sunday, April 12, 2015
8:00am – 12:30pm
Roosevelt University, 430 South Michigan Avenue, Chicago, IL
Registration: http://ihassociation.org/agenda-dsc/ 
Discount Code: Talyst

About Talyst
Talyst is a leader in pharmacy automation and engineers the safer pharmacy. Our solutions provide enterprise-wide medication management across your entire health system to offer greater inventory control, enhanced workflow efficiency, and improved patient safety. As of 2014, Talyst has installed automated solutions in more than 700 integrated healthcare systems, acute-care hospitals, long-term care facilities, and correctional institutions. We offer a powerful software platform with a suite of hardware components to meet your enterprise-wide needs. Follow us on Twitter @Talyst_Inc or visit us at www.talyst.com.

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