Inventory Management for 340B Covered Entities

October 26, 2021

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, FTLF Partners Michael Glomb and Jason Reddish 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 one week 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: 
09/03/2021
Course expires: 
01/27/2022
Event starts: 
10/26/2021 3:00pm EDT
Event ends: 
10/26/2021 4:30pm EDT
Cost:
$150.00

Michael B. Glomb

A Partner with the firm, Mike practices in the Federal Grants and Health Law 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]

Jason Reddish

Jason focuses his practice on the federal 340B drug discount program and the complex legal and compliance issues facing safety net providers, pharmacies, and other 340B program stakeholders. Jason began his career representing pharmaceutical manufacturers before finding his passion helping 340B program covered entities, including disproportionate share hospitals, Federally Qualified Health Centers, Ryan White HIV/AIDS clinics, and other grantees navigate the 340B program. [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 8 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, FTLF will email you your CPE Certificate within seven (7) business days.

ADDITIONAL INFORMATION

  • Prerequisites: None 
  • Target Audience:340B program administrators, Pharmacists, Compliance, 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) out of eight (8) polling questions.

Feldesman Tucker Leifer Fidell 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:
$150.00
Please login or register to take this course.

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

ACCESSING THE RECORDING

The recorded version of this webinar will be available within seven (7) business days after the conclusion of the live event. You will have access to the recording for 180 days after the live webinar has concluded. Once posted to your account, you can view this webinar anytime on-demand during the access period identified in the Recorded Webinar Now Available email. For additional information on viewing and accessing webinars, view our full terms and conditions here.

PAYMENT POLICY

All registrations made the day of a live webinar must be completed using a credit card or PayPal. We do not accept check payments or purchase orders for live webinars on the day of the webinar. If you wish to pay by check, please register in enough time for your check to reach our office; we must receive your check before we grant access to the webinar. If we receive your check after the live webinar, we will grant you access to the recorded webinar. For the most current information, please visit our FAQ page.

REFUNDS/ CANCELLATIONS

For orders of live webinars, FTLF will issue a full refund for cancellations requested at least one week PRIOR to the live webinar. We do not provide refunds for no-shows; however, you may request access to the recorded version of the webinar. If you ordered the wrong webinar and need to transfer your registration to a different program, please Contact Us. View our full policy on refunds and cancellations on our FAQ page.

Required Hardware/software

Google Chrome and Mozilla Firefox are the preferred browsers.