Get the free Federal 340B Drug Discount Program Assurance Form

Federal 340B Drug Discount Program Assurance Form ___ (Participating Clinics Full Legal Name including dba) makes the following assurances in support of its participation in the Federal 340B Drug

How to fill out federal 340b drug discount

How to fill out federal 340b drug discount

1. Verify eligibility: Ensure that your organization qualifies as a covered entity under the 340B program.
2. Register: Complete the 340B registration process through the Health Resources and Services Administration (HRSA) website.
3. Establish a contract pharmacy: If needed, set up a contract pharmacy arrangement to dispense 340B medications.
4. Maintain inventory: Keep track of eligible medications and ensure that they are purchased through a 340B-registered wholesaler.
5. Train staff: Educate staff about the 340B program and how to properly code and bill for 340B drugs.
6. Monitor compliance: Regularly review and audit 340B practices to ensure adherence to program regulations.
7. Report data: Submit required data and reports to HRSA as mandated for ongoing compliance.

Who needs federal 340b drug discount?

1. Non-profit healthcare organizations that serve low-income patients.
2. Federally Qualified Health Centers (FQHCs).
3. Ryan White HIV/AIDS Program grantees.
4. Children’s hospitals.
5. Critical access hospitals.
6. Other eligible entities serving vulnerable populations.

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What is federal 340b drug discount?

The federal 340B drug discount program is a pricing program that allows eligible hospitals and healthcare providers to purchase outpatient drugs at reduced prices, enabling them to stretch scarce federal resources to provide comprehensive services to vulnerable populations.

Who is required to file federal 340b drug discount?

Entities that participate in the 340B program, including certain federal grantees, nonprofit hospitals, and safety-net providers must file for the federal 340B drug discount.

How to fill out federal 340b drug discount?

To fill out the federal 340B drug discount, eligible entities typically submit paperwork through the Health Resources and Services Administration (HRSA) Office of Pharmacy Affairs, providing necessary documentation and complying with regulations regarding their eligibility.

What is the purpose of federal 340b drug discount?

The purpose of the federal 340B drug discount program is to allow healthcare organizations to purchase medications at significantly reduced prices to improve access to medications for low-income patients and expand healthcare services without additional burden on the organization’s budget.

What information must be reported on federal 340b drug discount?

Entities must report information related to drug purchases, the volume of drugs purchased under the 340B program, the number of patients served, and compliance with program requirements.