PVP Presentations at 340B Coalition Summer Conference

Inventory Management: Strategies for Compliance and Efficiency

Track 1: 340B Operations: Experiences from the Field | Live/On-Demand
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340B providers maintain complex inventory management systems to ensure compliance with 340B program rules, including patient definition, the duplicate discount prohibition, and the GPO Prohibition for certain hospitals. In addition, covered entities must obtain access to drugs, monitor pricing across multiple accounts and settings, and maintain budgetary balance within their departments. This panel will address compliance for purchasing drugs, managing manufacturer-donated or patient assistance program-provided drug compliance, managing inventory, reconciliation, documentation of adjustments, and self-auditing your inventory practices.

Learning Objectives:

• Describe best practices for managing inventory and adjustments to ensure prevention of diversion
• Identify inventory purchasing management processes that are compliant with 340B rules
• Identify strategies preventing accumulations of non-purchased drugs

Session Speaker:

Michelle Fox is a manager on the Education and Compliance Team at Apexus. She came from a large FQHC in Washington and Oregon, where she was the senior director of pharmacy services and operated nine retail in-house pharmacies, one highly automated high-volume central fill and mail facility, and contract pharmacy arrangements with multiple chain pharmacies.

Vendor Demo: Prime Vendor Program 340B Education and Buyer-Focused Resource Update

Vendor Demos | Live
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Attend the Prime Vendor Program’s (PVP’s) Vendor Demo session to learn about new 340B education resources. Access online curricula, interact through a virtual learning program, or attend in-person events from basic to more advanced topics. New to 340B and want to make sure you get the most out of 340B University? Access our roadmaps for covered entities, manufacturers, or distributors to guide you through helpful resources.

Are you a pharmacy buyer? We’ll also detail our buyer-focused resources.

• New Buyer’s Basics online learning modules for those new to the 340B Program
• Live purchasing office hours sessions that educate buyers on procurement topics with live Q&A sessions
• Purchasing publications that outline important compliance considerations

Session Speakers:

Elizabeth Faust, MHA, is an Education and Compliance Support Specialist at Apexus. She is working to expand the Apexus 340B education options for health care buyers. Before assuming her current role, Elizabeth was a corporate pharmacy business and technology manager at a 600-plus-bed disproportionate share hospital in Raleigh, N.C. She was responsible for overseeing all 340B-related operations, including program compliance, contracting, and inventory management. She also was instrumental in building and implementing new 340B split-billing software for the system. Elizabeth completed her bachelor of science degree in computer information systems at Georgia Southwestern State University and her master of science degree in management healthcare administration at Troy State University.

Chad Johnson, PharmD, is Manager of 340B Education and Compliance Support at Apexus. He is responsible for working directly with 340B stakeholders to support compliant 340B programs. Prior to his current role, he was 340B Program Manager at Froedtert Hospital, a 550-bed disproportionate share hospital in Milwaukee. He completed a two-year health-system pharmacy administration residency at Froedtert Hospital and has prior work experience at Walgreens Pharmacy.