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Forward(Recorded Webinar) Inventory Management for 340B Covered Entities
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.
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.
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]
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Read more about maintaining an attendance record in our FAQs.
Available Credit
- 1.00 Certificate of Attendance
Price
ACCESS PERIOD
Recorded webinars are available for 90 days after the date of purchase or date of the webinar. Once posted to your account, you can view this 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.
PAYMENT POLICY
If you pay by credit card or PayPal, you will be able to access the recorded webinar immediately (unless the live webinar has not yet occurred). If you pay by check, we will grant access to the recording when we receive your check. You will receive a confirmation email once access is granted. Feldesman Training Solutions reserves the right to suspend access to the webinar if payment is not received within 30 days. For more information on payments and registration, please visit our FAQ page.
CANCELLATION POLICY
No refunds will be provided for recorded webinars. Feldesman Training Solutions can transfer a registration to someone else within your organization or, provided you have not already viewed the webinar, transfer the registration to another on-demand program. Where the registration fee for the new webinar is higher, you must also pay the difference between the original course and the new course registration fee at the time of transfer. Administrative fees may also apply. If your organization purchased a webinar under the account of a staff member who no longer works for your organization, please contact us. View our full policy on refunds and cancellations here.
Required Hardware/Software
Google Chrome and Mozilla Firefox are the preferred browsers.