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340B CONTRACT PHARMACY IMPLEMENTATION AND COMPLIANCE Rebecca Cheek, Pharma., BC ACP Director of Pharmacy Grace Health 340b Auditor/ConsultantCheek ConsultingObjectives Review 340b program history

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How to fill out 340b contract pharmacy implementation

1. Obtain the necessary 340B program certifications from HRSA.
2. Identify eligible contract pharmacies to participate in the program.
3. Establish a written agreement between the covered entity and the contract pharmacy.
4. Develop and implement policies and procedures for the contract pharmacy program.
5. Train staff members on the requirements and responsibilities of the program.
6. Monitor and audit contract pharmacy operations regularly to ensure compliance.
7. Maintain accurate records of all prescription orders and transactions.
8. Report any adverse events or non-compliance issues to HRSA.
9. Review and update the contract pharmacy implementation regularly to address changes in regulations or program requirements.

Who needs 340b contract pharmacy implementation?

1. Covered entities participating in the 340B program, such as federally qualified health centers, hospitals, and Ryan White HIV/AIDS Program grantees, may need 340B contract pharmacy implementation. This implementation allows them to partner with retail pharmacies to dispense 340B discounted drugs to eligible patients. It helps expand access to affordable medications and maximize the benefits of the 340B program.

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What is 340b contract pharmacy implementation?

340B contract pharmacy implementation refers to the process by which eligible healthcare entities, such as hospitals and clinics, partner with pharmacies to dispense covered outpatient drugs at reduced prices to eligible patients under the 340B Drug Pricing Program. This implementation allows these entities to extend their savings and improve patient access to necessary medications.

Who is required to file 340b contract pharmacy implementation?

Entities participating in the 340B Drug Pricing Program, including covered entities like certain non-profit hospitals, community health centers, and specialty clinics, are required to file documents related to their contract pharmacies' operations under this program.

How to fill out 340b contract pharmacy implementation?

To fill out the 340B contract pharmacy implementation, entities must provide detailed information including the names and addresses of the pharmacies, the contract terms, the scope of services to be provided, and proof of eligibility for the 340B program. Additionally, entities must ensure all documentation is accurate and complies with relevant regulations.

What is the purpose of 340b contract pharmacy implementation?

The purpose of 340B contract pharmacy implementation is to enable eligible entities to provide affordable medications to underserved populations, reduce costs associated with outpatient drugs, and enhance the financial viability of these healthcare providers, thereby improving patient access to necessary pharmaceuticals.

What information must be reported on 340b contract pharmacy implementation?

Information required to be reported includes the names and locations of the contract pharmacies, details concerning the drugs provided, financial arrangements between the covered entity and the pharmacies, and compliance assurances with the 340B program requirements.