340B Audits are here. Are You Ready?

Compliance is not an option.

It is a Necessity.

Join the more than 1,000 Covered Entities and Community/Outpatient pharmacies using our 340B software solutions that provide audit preparation tools, detailed reports, and a documented trail of program compliance.

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Find out how Sentry’s expertise and experience can provide your covered entity the required audit trail to maintain compliance and your 340B status.

Fill out the form now or call us at 800-411-4566 x2800 for more information.

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An Analysis of 340B Solutions by Michael J . Sovie, Pharm. D., MBA

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Does your 340B Covered Entity have an Audit Plan?

Sentry Data Systems clients are ready for audits.

Can you afford to risk your 340B program status and pay potential fines due to partial compliance?

Your Audit Trail is not compliant with 340B guidelines if you can only provide the following:

  • Tracking only by physician name on retail contract pharmacy transactions
  • Relying on a card for proof of patient definition
  • Ignoring or not tracking mixed-use (inpatient- outpatient) inventory
  • Meeting the patient definition partially

Can you link your retail outlet 340B dispensations to the following points?

  • Patient date of visit at your hospital
  • Location of visit as properly accounted for on the Medicare Cost Report of the hospital.
  • The actual healthcare service received
  • Recognized physician (employed, contracted or documented affiliate)
  • Dispensing information from the retail site
  • Equivalent usage and replenishment of the drug

During an audit you must be able to provide the necessary documentation within the required timeframes.

If you are not prepared, your covered entity may be in a position to pay fines, lose 340B status and deal with a lengthy appeal process.

Can you verify that 340B drugs are not being diverted to your inpatients?

Do you have dynamic 340B Policies and Procedures that fully cover the scope of your program, reflect the execution of your program and describe your implemented compliance safeguards?