Can a company contract with more than one pharmacy?

Allowed entities to contract with multiple contract pharmacies (used to be on a 1:1 basis and not at all if you had in-house pharmacy). Must have a written agreement with the Essential Elements defined in statute. Must have methods to avoid diversion and duplicate discounts.

Who are the covered entities in contract pharmacy?

Contract pharmacy model-Covered entity owns the drugs, contracts with the pharmacy to provide pharmacy services, but does not manage the pharmacy or pay staff. Clinic administered model-Drugs ordered for administration in the clinic sites.

What are the requirements for a 340B contract pharmacy?

Must have a written agreement with the Essential Elements defined in statute. Must have methods to avoid diversion and duplicate discounts. Expected to conduct an annual, independent audit of 340b contract services. Covered entity has “full responsibility” for compliance of their contract pharmacy program. HRSA and Contract Pharmacy

What are the compliance areas for contract pharmacy?

Mentioned 5 compliance areas to be addressed in contract pharmacy programs: Entity must have adequate oversight and/or annual independent audits. Entity must keep auditable records such as policies/procedures and contracts. Entity must avoid diversion.

How much does it cost to set up a pharmacy contract?

Setting up initial contracts may take time. Fees can be high-dispensing fees to pharmacy and the administrative fees to a Third Party Administrator if used. Less opportunity to provide discounts to patients due to the pharmacy will likely require a dispensing fee that covers its costs.

What are the guidelines for contract pharmacy services?

HRSA recommends that the written agreement include all essential elements of the contract pharmacy guidelines (75 Fed. Reg. 10272 (March 5, 2010)). Notice Regarding 340B Drug Pricing Program — Contract Pharmacy Services (PDF – 72.6 KB) are the guidelines that govern the operation and compliance of contract pharmacies for 340B covered entities.

Can a contract pharmacy be an in-house pharmacy?

HRSA and Contract Pharmacy 3/5/2010- 75 Fed Reg 10272. Allowed entities to contract with multiple contract pharmacies (used to be on a 1:1 basis and not at all if you had in-house pharmacy). Must have a written agreement with the Essential Elements defined in statute.