ACE Purchasing & Inventory Management

Question 1

What is the primary tool for covered entities to purchase 340B drugs at discounted prices?

Accepted Answer

Prime Vendor Program (PVP)

Answer

Medicaid Drug Rebate System

Answer

Manufacturer Direct Purchasing

Answer

CMS Price Benchmark Tool

Question 2

What is the function of a replenishment model in 340B inventory management?

Accepted Answer

Track usage and trigger orders based on actual dispensing

Answer

Estimate yearly demand

Answer

Reduce staff workload

Answer

Standardize patient co-pays

Question 3

Why is physical inventory reconciliation important in 340B programs?

Accepted Answer

To confirm 340B compliance by aligning data and inventory

Answer

To satisfy state board regulations

Answer

To detect over-prescribing by physicians

Answer

To calculate billing margins

Question 4

Which of the following is an acceptable inventory model for 340B compliance?

Accepted Answer

Virtual inventory model with proper tracking

Answer

Blended inventory without tracking

Answer

First-in, first-out inventory

Answer

Cash-only inventory system

Question 5

What documentation is essential for proving 340B purchases?

Accepted Answer

Invoices and purchase orders for 340B drugs

Answer

Physician credentials

Answer

Medication expiration logs

Answer

Patient health surveys

Question 6

Why should covered entities avoid stockpiling 340B drugs?

Accepted Answer

It may lead to noncompliance with 340B program requirements

Answer

It increases warehouse maintenance costs

Answer

It delays Medicaid rebates

Answer

It reduces access to contract pharmacies

Question 7

Which entity negotiates sub-ceiling prices for 340B participants?

Accepted Answer

Apexus

Answer

FDA

Answer

HRSA

Answer

CDC

Question 8

What helps prevent diversion in 340B inventory management?

Accepted Answer

Maintaining distinct and auditable inventory records

Answer

Unified dispensing with no tracking

Answer

Overordering during price drops

Answer

Relying on wholesaler tracking alone

Question 9

Which practice supports compliance in purchasing under 340B?

Accepted Answer

Restricting purchases to eligible outpatient services

Answer

Purchasing in bulk for all departments

Answer

Ordering only based on lowest price

Answer

Submitting orders via fax only