How must covered entities handle pricing errors identified in the 340B program?

Covered entities must handle pricing errors identified in the 340B program through collaborative efforts with manufacturers. This approach ensures that both parties engage in open communication to address pricing discrepancies effectively. By working together, they can reach a resolution that aligns with the program's compliance requirements, maintain accurate pricing, and ensure the integrity of the 340B program.

Collaboration is essential because it allows covered entities to provide manufacturers with the necessary information about the discrepancy and allows manufacturers to verify and correct any issues in their pricing structures. This teamwork helps maintain the trust and accountability critical to the success of the 340B program, as well as ensuring compliance with federal regulations.

Other options do not align with the operational policies recommended for managing pricing errors in the 340B program. For instance, reporting errors independently to the government may not address the issue immediately and fails to utilize the manufacturer's participation in finding a resolution. Keeping errors confidential contradicts the transparency required in the program and could lead to greater penalties if discrepancies remain uncorrected. Automatically adjusting pricing without consultation can result in significant misalignment with manufacturer pricing agreements and can lead to further complications.