ACE Contract Pharmacy & Third Party Administration Flashcards
6 cards from real ACE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 ACE Contract Pharmacy & Third Party Administration flashcards as text
What is a contract pharmacy in the context of the 340B Drug Pricing Program?
Answer: An outside pharmacy that dispenses 340B drugs on behalf of a covered entity under a written agreement
A contract pharmacy is an outside pharmacy that has a written agreement with a covered entity to dispense 340B-priced drugs to the entity's eligible patients.
What document is required to formalize a 340B contract pharmacy relationship?
Answer: A written agreement signed by both the covered entity and the pharmacy
HRSA requires a written agreement between the covered entity and the contract pharmacy before any 340B drugs may be dispensed through that arrangement.
Who bears ultimate responsibility for compliance in a contract pharmacy arrangement under 340B?
Answer: The covered entity
The covered entity retains full accountability for ensuring that all 340B requirements are met, even when a contract pharmacy or TPA is involved.
Which information must a covered entity track in a contract pharmacy arrangement to prevent drug diversion?
Answer: Patient eligibility, prescription dispensing records, and 340B purchase data
Covered entities must track patient eligibility, dispensing records, and 340B purchase data to demonstrate that drugs are used only for eligible patients and not diverted.
How many contract pharmacy arrangements may a 340B covered entity establish?
Answer: There is no statutory limit on the number of contract pharmacy arrangements
HRSA has not set a statutory cap on the number of contract pharmacy arrangements a covered entity may have, though each arrangement must meet all program requirements.
What is the primary purpose of registering a contract pharmacy on the HRSA 340B database?
Answer: To make the arrangement official and ensure manufacturers recognize it for 340B pricing
Registering a contract pharmacy on the HRSA 340B OPAIS database makes the arrangement official, enabling the covered entity to purchase 340B drugs dispensed at that location.