Everything starts here.
Regardless of shape or size, we believe in a singular mission to serve non-profit provider organizations
with technology and services to optimize their 340B compliance and cashflow.
ESP Program Management
Claim Eligibility and Recovery
Referral Policies, Documentation and Capture
Audit and Compliance
Velocity delivers an evolution in 340B thinking. We apply algorithms, lessons, workflow and analytics from other complex industries to advance the ideas in the 340B ecosystem. This confluence of people and processes seasons an ideal cauldron for innovation, 340B as it was always intended, driving cashflow for providers in underserved communities.
We invested years of effort to identify and brainstorm the possibilities for a new approach to the 340B program. We wrestled with giant data alligators and chased tumbleweeds before landing on the universal simple truth that progress served is better than perfection delayed. We never found an easy, one-size-fits-all solution for 340B. We found dozens of incremental ideas for improvement and some big ideas around data and workflow. When you make 3-4% gains in 10-12 different areas, all of a sudden, the changes in cashflow matter.
Sounds simple enough. Submit the data, collect the money. Nope.
Nothing is easy.
ESP wasn't invented for you to collect more money.
It's an inconsistent, tangled intersection of arbitrary manufacturer rules, unplanned administrator capabilities, confused contract pharmacies and befuddled wholesalers.
We can help organize your 340B approach, manage the data, choreograph the contract pharmacies, your administrators, and your wholesalers.
And then do it again next month because something changes somewhere what worked last month mysteriously doesn't work this month. And something different will disappear next month.
A game of charades, except it's real money at stake. And your opponents are not playing
Every month you delay, you lose. 30-40% of your 340B program could be lost because of the manufacturer restrictions.
We can help you recoup a meaningful amount. It's unfair and wrong, but the cash is too important in the meantime.
We can help you do the work, capture what you can and cross your fingers while we wait for Congress to deal with mutineering manufacturers.
We've been at this a long time, we have two super TPAs and really professional specialty pharmacy relationships.
We started with a small project, no money up-front and within 6 weeks we knew we had to roll this out across the enterprise. You can imagine I was surprised when that did not require another IT project to get launched. Velocity is the right name for this gang, everything was fast, most of it was actually easy.
Nice knowing everything was buttoned up in a program that has been a little mysterious and I know now we have left millions of dollars on the table over the last few years. Not any more.
Velocity helped us close the loopholes, plug the leaks, manage the compliance of the entire program. We know what is happening and what to expect from 340B for the first time ever.
I don't want to say you can't teach an old dog new tricks, but that is what I thought about 340B before Velocity.
We have had people make big claims before, this is the first project I can recall actually driving new cashflow without a dime coming out of our pocket.
They were easy to get started and we had faster, bigger cashflow in the third month ... I admit I was delighted and bamboozled at the money we had been missing all these years ... Velocity thought they even could have done it two months if the data had been a little faster coming from our TPA.
I'd say the hardest part was reconciling the back end accounting for a few months, then it seemed to be consistent with the payers, pharma supply chain and our pharmacy network. It just worked. I wasn't a beliver until we completed two cycles of compliance audits and that was my greatest relief to see to the kind of data we could show HRSA or anybody if they wanted to track down anything at a prescription or patient level.
Cashflow is nice,
peace of mind is priceless.
We doubled our operating cashflow without any up-front investment. Basically Velocity offered us a no-risk, put-their-money-where-their-mouth-is approach to strengthening our 340B cashflow. I don't know how they did it so quickly.
The extra cashflow saved jobs for 3 to 4 people on our team and expanded care in our community, that's our mission.
I wish I had done it sooner,
Well, I wish Velocity had called sooner.
stay tuned ... we are about unleash a few surprises!
We're always working on something new. Reach out with any questions about upcoming releases!