What kind of accounts can covered entities maintain under the 340B program?

Covered entities in the 340B program can maintain multiple 340B accounts for parent and child sites. This structure allows organizations to effectively manage their drug purchasing and distribution across various locations, ensuring all eligible sites within a health system or network can access the benefits of the 340B program.

The ability to maintain multiple accounts is crucial for entities that operate under a single corporate umbrella but have different service locations, such as hospitals and clinics. Each site can have its own account while still being overseen by the parent organization, allowing for more streamlined operations and better compliance with the 340B program requirements. This setup promotes efficiency in managing drug inventory and reporting, as each site must independently meet the criteria and maintain records specific to its operations while still contributing to the overall mission of the covered entity.

The other options do not accurately reflect the operational flexibility allowed under the 340B program. Individual accounts or parent accounts only would limit the capacity of covered entities to fully leverage the program across diverse settings. Shared accounts with other entities would violate the principle of maintaining the integrity and individual eligibility of covered entities, as each must independently qualify and comply with 340B stipulations. Hence, maintaining multiple accounts for parent and child sites is essential for maximizing the benefits and ensuring