Government Price Reporting Compliance
Government Programs: Medicaid, Medicare, Federal Supply Schedule, Public Health Service
Services Offered
- Policies & Procedures development and implementation
- Medicaid Rebate Program reporting and compliance
- Average Manufacturer Price (AMP); Best Price (BP) reporting
- Medicaid claims processing
- Medicare Prescription Drug Program
- Average Sales Price (ASP) reporting
- Department of Veterans Affairs;
- Federal Supply Schedule (FSS)
- Public Health Service (PHS/340B)
- Compliance Assessments, Audits and Restatements
- Strategic Planning and Process Improvement
- Bona Fide Fee for Services & Fair Market Valuation Analysis
Key Drivers:
- ASP and AMP price reports have to be certified by the company’s CFO or designee;
- Commercial Operations need to optimize operational efficiency while maximizing compliance;
- Government Programs require accurate price reporting
- Price reporting requirements are complex and sometimes vague;
- Some transactions have a timing lag and therefore require estimation;
- Volume and complexity of transactions make the calculations prone to errors;