ACE ACE Contract Pharmacy & Third Party Administration 1

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 contract pharmacy is an outside pharmacy that has a written agreement with a covered entity to dispense 340B-priced drugs to the entity's eligible patients.

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

HRSA requires a written agreement between the covered entity and the contract pharmacy before any 340B drugs may be dispensed through that arrangement.

Question 3

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

Accepted Answer

The covered entity

Answer

The covered entity retains full accountability for ensuring that all 340B requirements are met, even when a contract pharmacy or TPA is involved.

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

Covered entities must track patient eligibility, dispensing records, and 340B purchase data to demonstrate that drugs are used only for eligible patients and not diverted.

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

HRSA has not set a statutory cap on the number of contract pharmacy arrangements a covered entity may have, though each arrangement must meet all program requirements.

(ACE) Apexus Certified Expert Practice Test

(ACE) Apexus Certified Expert Practice Test

ACE ACE Contract Pharmacy & Third Party Administration 1