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Thursday, March 12, 2015

340B Audits By PBIRx

PBIRx®
Intelligent Solutions in Pharmacy Benefits
612 Wheelers Farms Road, Milford, CT 06461
(888) 797-2479

As outlined by the U.S. Department of Health and Human Services, 340B Drug Pricing Programs require drug manufacturers to provide outpatient drugs at discounted prices to those organizations and entities that are entitled to them. In order to take advantage of this opportunity, such groups must be registered and enrolled in the program and must be compliant with all of the programs requirements. However, here at PBIRx, we understand that it can be easy to stray from program requirements and in turn, fail to be compliant with certain policies and procedures.

Our 340B Compliance Audits

Since failure to be compliant with the 340B Drug Pricing Program can cause a providing entity to lose their 340B status, we offer a third party 340B compliance audit service to ensure that your organization is operating based on the rules and regulations of the program. Performed on site, our audits can alert entities of any red flags that can trigger the loss of their 340B status. First, we will take a look at your policies, procedures and processes pertaining to 340B medications, then we will verify what you have in place to prevent non-qualified patients from receiving covered drugs and to prevent drugs from being subjected to duplicate discounts. Lastly, we will take a look at any transactions that directly relate to 340B medications and see where any discrepancies lie.

Although HRSA performs 340B compliance audits themselves, we at PBIRx can offer an in-depth report to help you ensure that your status remains as is. To learn more about our 340B audits as well as the rest of our pharmacy benefit auditing services, please visit us at www.pbirx.com or contact us at (888) 797-2479 today. 

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