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The 340B Drug Pricing Program is a U.S. federal government program created to provide discounted medications to eligible healthcare organizations and covered entities, enabling them to stretch scarce federal resources and provide more comprehensive services. Audits of 340B entities ensure compliance with the program's requirements. Here's a summary of 340B audits:
1. **Purpose**: The primary aim of 340B audits is to ensure that covered entities comply with program requirements, preventing diversion of 340B drugs to ineligible patients and avoiding duplicate discounts with Medicaid.
2. **Conducted By**: Audits are primarily conducted by the Health Resources and Services Administration (HRSA), which oversees the 340B Program. HRSA may also contract with independent auditors for these audits.
3. **Audit Process**: - **Notification**: Entities receive a notification of audit, detailing the scope and timeline. - **Pre-Audit Preparation**: Covered entities need to gather relevant documentation, such as policies, procedures, and records of 340B drug purchases and distributions. - **On-Site Audit**: HRSA or auditors visit the entity to review records, interview staff, and inspect facilities. - **Preliminary Findings**: Post-audit, the auditors present preliminary findings and give the entity an opportunity to respond. - **Final Report**: A final audit report is issued, which
OUR COMPANY
A Unique Approach
NAMA Consulting is a specialized consulting and audit firm dedicated to assisting healthcare organizations with the complexities of the 340B Drug Pricing Program. With a team of seasoned experts, we provide comprehensive auditing, compliance, and optimization services to ensure our clients maximize their 340B program benefits while adhering to regulatory requirements.
Our mission is to empower healthcare providers by offering robust auditing solutions and insightful guidance, ensuring they can fully leverage the 340B program to improve patient care and reduce pharmaceutical costs.
We offer auditing services to meet the FQHC organization requirements.
1- 340B Program AuditsCompliance Audits: Thorough evaluations to ensure adherence to HRSA guidelines and regulations. Mock HRSA Audits:Simulation of Health Resources and Services Administration (HRSA) audits to prepare your organization for actual reviews.
2. Compliance and Optimization - Policy and Procedure Development: Crafting and updating policies to meet 340B requirements. - Education and Training: Tailored training sessions for staff to maintain program integrity. - Data Analytics: Utilizing advanced analytics to optimize 340B savings and compliance.
3. Consulting Services- Program Implementation: Guidance through the initial setup and registration for new 340B participants. - Continuous Monitoring: Ongoing support to ensure compliance and program efficiency.
