ACE ACE Contract Pharmacy & Third Party Administration

Question 1

What is a contract pharmacy in the context of the 340B Drug Pricing Program?

Accepted Answer

An outside pharmacy that dispenses 340B drugs on behalf of a covered entity under a written agreement

Answer

A pharmacy owned and operated by the covered entity

Answer

A pharmacy that sells drugs at wholesale prices to hospitals

Answer

A government-operated pharmacy that processes Medicaid prescriptions

Question 2

What document is required to formalize a 340B contract pharmacy relationship?

Accepted Answer

A written agreement signed by both the covered entity and the pharmacy

Answer

A verbal agreement witnessed by a HRSA representative

Answer

A Business Associate Agreement (BAA) only

Answer

A letter of intent filed with the state pharmacy board

Question 3

Who bears ultimate responsibility for compliance in a contract pharmacy arrangement under 340B?

Accepted Answer

The covered entity

Answer

The contract pharmacy's licensed pharmacist-in-charge

Answer

The Third Party Administrator (TPA) managing the arrangement

Answer

HRSA directly

Question 4

Which information must a covered entity track in a contract pharmacy arrangement to prevent drug diversion?

Accepted Answer

Patient eligibility, prescription dispensing records, and 340B purchase data

Answer

Pharmacist license renewal dates and DEA numbers only

Answer

Insurance reimbursement rates and copay amounts

Answer

Wholesale acquisition cost (WAC) and retail pricing benchmarks

Question 5

How many contract pharmacy arrangements may a 340B covered entity establish?

Accepted Answer

There is no statutory limit on the number of contract pharmacy arrangements

Answer

Only one per covered entity

Answer

Up to five per covered entity location

Answer

A maximum of ten per calendar year

Question 6

What is the primary purpose of registering a contract pharmacy on the HRSA 340B database?

Accepted Answer

To make the arrangement official and ensure manufacturers recognize it for 340B pricing

Answer

To allow the pharmacy to bill Medicare Part D directly

Answer

To obtain a DEA registration number for controlled substances

Answer

To qualify for state Medicaid supplemental rebates