Inventory Management for 340B Covered Entities

August 8, 2024

For a 340B covered entity, managing 340B drug inventory in compliance with HRSA requirements can be challenging. Over-ordering of 340B drugs may, in the case of a virtual inventory, amount to “diversion” requiring corrective action including potential repayment to a manufacturer. Similarly, a failure to timely replenish drugs with 340B stock can result in the covered entity having to compensate a contract pharmacy for lost inventory, sometimes at onerous rates. While the inventory management function often is handled by a third-party administrator, the ultimate responsibility for compliance remains with the covered entity. Therefore, in order to properly conduct oversight it is essential for a covered entity’s 340B team, including its compliance and finance staff, to understand how the various 340B inventory models work and, in particular, where things can go wrong and how to avoid problems.

In this webinar, Firm Partners Michael Glomb and Steve Kuperberg will explain how the typical inventory management systems work, potential compliance problems, and best practices for monitoring 340B inventory and, if necessary, taking appropriate corrective action.


The on-demand version of this webinar will be available for purchase after the conclusion of the live webinar. 

Target Audience

  • 340B program administrators
  • Pharmacists
  • Compliance
  • Fiscal staff

Learning Objectives

After this webinar, you will be able to:

  • Understand how the common inventory management systems for 340B drugs operate.
  • Be able to identify potential compliance weaknesses in an inventory management system.
  • Understand how to take appropriate and cost-effective corrective action.
Course summary
Available credit: 
  • 1.50 Certificate of Attendance
  • 1.80 CPE
    FTLF is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
Course opens: 
06/21/2023
Course expires: 
09/09/2024
Event starts: 
08/08/2024 - 1:00pm EDT
Event ends: 
08/08/2024 - 2:30pm EDT
Cost:
$175.00

Michael B. Glomb

Michael Glomb is a Partner in the firm's federal grants and health care groups, and has over three decades of experience advising community-based organizations on a broad range of legal matters. Specifically, he offers guidance to federally qualified health centers, other federal grantees, and several professional and trade associations on the 340B drug discount program, tax exemption, grants law, and fraud matters. [Full Bio]

Steve Kuperberg

Steve Kuperberg is a Partner in the firm's Health Care and Litigation & Government Investigations practice groups. Steve regularly advises clients on issues related to the 340B drug discount program, health care fraud, contract disputes and the False Claims Act. An experienced litigator of over 25 years, he represents many nonprofits in health care and education, such as 340B covered entities and their stakeholders, as well as government contractors. [Full Bio]

Participants can earn up to 1.80 CPE credits in Specialized Knowledge and Applications upon completion of all course requirements.

ATTENDEE REQUIREMENTS FOR CPE CREDIT

If you purchase CPE credit for this webinar you must satisfy the following conditions in order to receive your certificate:

  1. Answer at least 6 of the polling questions during the webinar
  2. Complete the evaluation survey after the conclusion of the webinar or in the follow-up email

Upon completion of these requirements, we will email you your CPE Certificate within two (2) weeks.

ADDITIONAL INFORMATION

  • Prerequisites: None 
  • Target Audience: 340B program administrators, pharmacists, compliance, and fiscal staff
  • Advanced Preparation: None  
  • Program Level: All
  • Delivery Method: Group Internet Based
  • Attendance Requirements: In order to be awarded the full credits, you must respond to six (6) polling questions.

Feldesman Leifer LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org (formerly www.learningmarket.org).

Available Credit

  • 1.50 Certificate of Attendance
  • 1.80 CPE
    FTLF is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Price

Cost:
$175.00
Please login or register to take this course.

Access to the recorded version of this webinar is included in your purchase.

You will have access to the recordings for 90 days after enrollment. Once posted to your account, you can view each webinar anytime on-demand during the access period identified in your purchase confirmation. For additional information on viewing and accessing webinars, view our full terms and conditions here.


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