ACE Purchasing & Inventory Management 1

Question 1

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

Accepted Answer

Prime Vendor Program (PVP)

Answer

The Prime Vendor Program (PVP), managed by Apexus, is the main tool used to access additional discounts and ensure compliance.

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

Replenishment models track dispensed drugs and reorder to maintain accurate 340B inventory levels without diversion.

Question 3

Why is physical inventory reconciliation important in 340B programs?

Accepted Answer

To confirm 340B compliance by aligning data and inventory

Answer

It ensures that purchases, dispensing records, and inventory align, preventing diversion and duplicate discounts.

Question 4

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

Accepted Answer

Virtual inventory model with proper tracking

Answer

A virtual inventory model separates 340B and non-340B inventory at the data level, maintaining compliance while allowing efficient operations.

Question 5

What documentation is essential for proving 340B purchases?

Accepted Answer

Invoices and purchase orders for 340B drugs

Answer

Invoices and purchase orders are critical documentation for tracking and verifying 340B transactions.

(ACE) Apexus Certified Expert Practice Test