What is crucial for compliant purchasing in relation to split-billing software?

Split-billing software is essential for managing 340B drug purchasing by ensuring that the covered entities can accurately track and bill for drugs acquired under the program separately from those acquired through other means. A key aspect of utilizing such software effectively is the ability to match National Drug Codes (NDCs) accurately. This matching is crucial because it ensures that the drugs eligible for the 340B discount are correctly identified during the billing and inventory processes.

Using crosswalks for NDC matching allows organizations to relate manufacturers’ NDC listings to their own acquisitions and ensure that those purchased drugs align with the program’s requirements. It minimizes compliance risks by preventing potential mix-ups between eligible and ineligible drugs, thereby safeguarding the integrity of the 340B program.

Updating the drug pricing policy, conducting periodic audits of purchasing practices, and limiting purchases to high-volume items may all play a role in ensuring overall compliance and operational efficiency. However, without accurate NDC matching through effective split-billing software, the purchasing process may fail to comply with the specific regulations regarding drug eligibility under the 340B program. Hence, crosswalks for NDC matching is fundamentally essential to enable compliant purchasing.