To ensure 340B program compliance, covered entities must scrutinize numerous data points as part of regular transaction reviews to ensure all available savings opportunities are visible. Covered entities must also work to prevent duplicate discounts, diversion, and recurring transaction errors.
Best practices necessitate confirming that what the covered entity has noted as “eligible” is truly eligible. Due diligence can help avoid repayment penalties and corrective actions. By following best practices, it is possible to complete a Health Resources and Services Administration (HRSA) audit with no findings.
Learn more about unlocking the value of transaction monitoring to ensure compliance in our Issue Brief: 340B Transaction Monitoring: Checking a box or time well spent?
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