Purchasing & Inventory Management Flashcards
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What is the primary tool for covered entities to purchase 340B drugs at discounted prices?
Answer: Prime Vendor Program (PVP)
The Prime Vendor Program (PVP), managed by Apexus, is the main tool used to access additional discounts and ensure compliance.
What is the function of a replenishment model in 340B inventory management?
Answer: Track usage and trigger orders based on actual dispensing
Replenishment models track dispensed drugs and reorder to maintain accurate 340B inventory levels without diversion.
Why is physical inventory reconciliation important in 340B programs?
Answer: To confirm 340B compliance by aligning data and inventory
It ensures that purchases, dispensing records, and inventory align, preventing diversion and duplicate discounts.
Which of the following is an acceptable inventory model for 340B compliance?
Answer: Virtual inventory model with proper tracking
A virtual inventory model separates 340B and non-340B inventory at the data level, maintaining compliance while allowing efficient operations.
What documentation is essential for proving 340B purchases?
Answer: Invoices and purchase orders for 340B drugs
Invoices and purchase orders are critical documentation for tracking and verifying 340B transactions.
Why should covered entities avoid stockpiling 340B drugs?
Answer: It may lead to noncompliance with 340B program requirements
Stockpiling can result in program noncompliance by violating intent of usage rules and distorting purchasing data.
Which entity negotiates sub-ceiling prices for 340B participants?
Answer: Apexus
Apexus, as the 340B Prime Vendor, negotiates lower prices below the 340B ceiling price to provide additional savings.
What helps prevent diversion in 340B inventory management?
Answer: Maintaining distinct and auditable inventory records
Clearly defining and maintaining separate tracking of 340B and non-340B drugs is key to avoiding diversion.
Which practice supports compliance in purchasing under 340B?
Answer: Restricting purchases to eligible outpatient services
Limiting purchases to eligible outpatient settings ensures purchases align with patient eligibility requirements.