PTCB Inventory Management & Billing 3

Question 1

What does 'AWP' stand for in pharmaceutical pricing, and how is it used?

Accepted Answer

Average Wholesale Price; a benchmark used in drug pricing and reimbursement calculations

Answer

AWP (Average Wholesale Price) is a published benchmark price used as a reference point in insurance reimbursement formulas, though it does not reflect actual transaction prices.

Question 2

What is the purpose of tracking lot numbers for medications in a pharmacy?

Accepted Answer

To identify specific batches of product in the event of a recall

Answer

Lot numbers identify specific manufacturing batches, allowing pharmacies to quickly locate and remove affected products during a drug recall.

Question 3

A pharmacy technician is processing a claim and receives a rejection code indicating 'refill too soon.' What does this mean?

Accepted Answer

The patient is attempting to refill before the insurance-allowed refill date

Answer

A 'refill too soon' rejection means the patient's insurance will not cover the refill because not enough days of the previous supply have elapsed.

Question 4

What is a 'chargeback' in pharmaceutical distribution?

Accepted Answer

A credit issued by a manufacturer to a wholesaler when the wholesaler sells to a contracted customer at a discounted price

Answer

A chargeback is a manufacturer reimbursement to a wholesaler for the difference between the wholesaler's cost and the contracted lower price charged to eligible customers.

Question 5

Which of the following best describes a 'drug shortage' and the pharmacy technician's appropriate response?

Accepted Answer

A temporary supply disruption; the technician should notify the pharmacist so alternatives can be identified

Answer

Drug shortages are temporary supply disruptions; technicians should alert the pharmacist who can work with prescribers to identify therapeutic alternatives.

PTCB - Pharmacy Technician Certification Board Practice Test

PTCB - Pharmacy Technician Certification Board Practice Test

PTCB Inventory Management & Billing 3