News

What is a prime vendor program?

What is a prime vendor program?

The Prime Vendor negotiates pricing discounts with participating manufacturers, provides education and resources such as 340B University, and offers technical assistance through Apexus Answers. The PVP is a voluntary program for covered entities and manufacturers alike.

What is HRSA 340B?

The 340B Program enables covered entities to stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services. Manufacturers participating in Medicaid agree to provide outpatient drugs to covered entities at significantly reduced prices.

What is a 340B stakeholder?

Stakeholders in 340B are instrumental in the success of a program. These internal stakeholders can make policy decisions, ensure transparency and compliance of a program, and externally, stakeholders can help in the optimization of the program and also ensure its compliance.

What is GPO prohibition?

There is a statutory prohibition against obtaining covered outpatient drugs through a group purchasing organization (GPO) or other group purchasing arrangement for disproportionate share hospitals (DSH), children’s hospitals (PED), and free-standing cancer hospitals (CAN).

Is HRSA retroactive?

Does HRSA retroactively make changes to the Medicaid Exclusion File (MEF)? HRSA generally does not make retroactive changes to the quarterly MEF once it is published. On rare occasion, a technical system issue may warrant an immediate modification.

What does Opais stand for?

OPAIS

Acronym Definition
OPAIS Office of Public Affairs and Information Services

What program offers education tools and resources for contract pharmacies to better understand their role in the 340B program?

The 340B Prime Vendor Program, as part of its agreement with HRSA, provides online tutorials, a variety of templates, and other tools to aid with program compliance. In addition, under the terms of the agreement with HRSA, they offer two educational programs and a national call center.

Is Apexus a GPO?

Certain 340B participating hospitals (disproportionate share hospitals [DSH], children’s hospitals [PED], and free-standing cancer hospitals [CAN]) are prohibited from purchasing covered outpatient drugs from a GPO. The Apexus portfolio is not considered a GPO.

What is sub WAC pricing?

Prime Vendor Program (PVP) sub-WAC is a contracted price that allows entities subject to the GPO Prohibition who are PVP members to purchase covered outpatient drugs at a negotiated price in lieu of purchasing at the WAC price.