MANUFACTURER REFUND SERVICE
LET APEXUS SIMPLIFY YOUR 340B REFUNDS.
WHAT IS THE MANUFACTURER REFUND SERVICE?
Manufacturer restatements of Average Manufacturer Price (AMP) and/or Medicaid Best Price (BP) can result in a 340B ceiling price recalculation, leading to refunds owed to covered entities (CEs) for past 340B purchases. The 340B Prime Vendor Program (PVP), managed by Apexus, offers a service to handle the resource-intensive, complex task of providing these refunds when necessary. The Apexus 340B PVP Manufacturer Refund Service (MRS) facilitates refunds to CEs by directly refunding affected facilities through its authorized distribution network.
WHY ENGAGE THE 340B PRIME VENDOR?
The 340B Prime Vendor has been successfully facilitating refunds since 2011 with manufacturers of varying size and product portfolios. The Manufacturer Refund Service can support manufacturers in maintaining compliance with price integrity. Whether your refund project is large or small, the 340B Prime Vendor provides an accurate, economical solution.
THE 340B PRIME VENDOR FACILITATES THE REFUND PROCESS
Refunding overcharges in a timely manner supports 340B Program integrity. A fully auditable final report is provided at project completion.
The 340B Prime Vendor facilitates CE communication, refund processing, and collecting W-9 tax forms. Refunds are efficiently completed in 90 days or less.
INCREASE OPERATIONAL EFFICIENCY
To facilitate budget planning, the Manufacturer Refund Service project fee is provided prior to the start of the refund project. The 340B Prime Vendor leverages its distributor network and CE relationships as well as its trained call specialists to process refunds efficiently.
MANUFACTURER REFUND SERVICE OVERVIEW
- Complete data analysis
- Communications template(s)
- Communications with CEs and distributors
- CE refunds through distributor credits
- Due diligence calls to send refunds by check or ACH when required
- Collection of CE W-9s
- Weekly status reports
REFUND PROJECT COMPLETION
- Executive summary
- Fully auditable line item detailed reconciliation report
- Preparation and sending of 1099 tax forms as required
COMPLIANCE WITHOUT COMPLEXITY
The Apexus 340B Prime Vendor Manufacturer Refund Service is a cost-effective and efficient solution to maintain 340B compliance.
WHY ACT NOW?
The 340B Drug Pricing Program Ceiling Price and Manufacturer Civil Monetary Penalties (CMP) Regulation (340B CMP Final Rule) became effective January 1, 2019.
Since the advent of the 340B Drug Pricing Program, manufacturers are required to charge CEs no more than the 340B ceiling price for covered outpatient drugs under the 340B statute and their pharmaceutical pricing agreement (PPA). Manufacturers are expected to restate and issue refunds for overcharges to CEs. Now that the 340B CMP Final Rule is in effect and the Office of Pharmacy Affairs Information System (OPAIS) is available, compliance with pricing accuracy and refunds is essential.
FULL SERVICE RESTATEMENT AND REFUND ASSISTANCE
Some manufacturers may require assistance with 340B pricing restatements. Apexus, the 340B Prime Vendor, has a business relationship with Deloitte Risk and Financial Advisory to assist with the restatement process, while the PVP can assist with refunding covered entities through the Manufacturer Refund Service. Get more information.
LEARN MORE ABOUT THE APEXUS 340B PRIME VENDOR MRS
Contact us for more information or to schedule a presentation.