A Comprehensive Guide for 340B Drug Pricing Program Managers
The 340B Drug Discount Program is crucial in many healthcare organizations, but managing it effectively to ensure compliance with 340B program requirements can be challenging. This guide covers recent updates, compliance requirements, and strategies for optimizing your 340B operations. Whether you're new to 340B or have years of experience, you'll find valuable insights to help you navigate this complex program that requires drug manufacturers to provide outpatient drugs to covered entities at significantly reduced prices.
Step 1: Understanding the 340B Program: Recent Updates and Importance
The 340B program, established in 1992 as part of Section 340B of the Public Health Service Act, Public Health Service Act, continues to evolve, impacting compliance with 340B program requirements. Recent developments have significantly impacted covered entities, and it's crucial for program managers to stay informed. Read more >
Since our inception in November 2022, Virtue has swiftly risen as a trailblazer in 340B compliance. We perform mock audits that simulate HRSA's rigorous reviews, helping covered entities identify risks and areas of non-compliance before actual audits. Our tailored approach, driven by seasoned healthcare professionals and 340B experts, evaluates program operations, policies, and controls. We ensure integrity and transparency by adhering to the International Standards for Professional Internal Auditing. Offering top-tier audit services at competitive rates, we make comprehensive 340B compliance accessible, transforming compliance challenges into manageable steps and optimizing program performance. Our commitment to excellence and expansion remains unwavering as we strive to become the best-in-class provider in the 340B industry.
