If you’re looking into the 340B discount program, it’s important to understand the relevant 340B terminology. This 340B glossary of terms gathers some of the most significant concepts and acronyms to help those interested in the 340B program navigate its complexities.
The most important responsibility of an organization with 340B certification is staying in compliance. In developing policies and procedures to protect against any lapses, a covered entity should understand the particular issues that regulators are most likely to focus on. To properly manage some of these, a 340B consultant can often come in handy.
The 340B program offers discounts on outpatient drugs to certain safety-net covered entities that become certified and follow compliance guidelines. The program’s intent is to allow these entities to increase patient services by providing them with significant savings.
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