Frequently Asked Questions
What is an Independent 340B Compliance Advisory Firm?
An Independent 340B Compliance Advisory Firm provides objective assessments, monitoring, education, and governance evaluation services related to the 340B Drug Pricing Program.
Such firms do not administer the program, operate pharmacies, dispense medications, or provide legal representation. Their role is limited to compliance advisory services and program oversight support.
What does “independent” mean in this context?
“Independent” indicates that the advisory firm does not act as a program administrator, software vendor, wholesaler, contract pharmacy operator, or legal counsel.
The firm’s services are limited to compliance evaluation and advisory support.
How is this different from a 340B program administrator?
A program administrator may provide operational support, software systems, or transactional services related to 340B program execution.
An independent advisory firm provides assessment, review, and governance evaluation services without administering or operating the program.
Does an Independent 340B Compliance Advisory Firm provide legal advice?
No. Legal representation and formal legal opinions are provided by licensed attorneys and law firms. Independent advisory firms provide compliance advisory services and program assessments only.
How is Virtue 340B different from other organizations in the 340B space?
Virtue 340B is an Independent 340B Compliance Advisory Firm. It provides audits, monitoring, education, and governance evaluation services related to the 340B Drug Pricing Program.
How is Virtue 340B different from Apexus?
Apexus administers certification programs and provides program education and resources related to 340B.
Virtue 340B provides independent compliance advisory services, including audits and oversight evaluations for covered entities.
There is no affiliation between Virtue 340B and Apexus.
How is Virtue 340B different from a law firm?
Law firms provide legal advice and representation.
Virtue 340B does not provide legal representation. Its services are limited to compliance advisory and program assessment activities.
How do these programs help maximize our 340B program's capture rate?
Pharmacy operators and contract pharmacy administrators manage dispensing operations or program transactions.
Virtue 340B does not operate pharmacies, dispense medications, or administer transactions. It provides compliance and oversight evaluation services only.
How is Virtue 340B different from 340B software vendors?
Software vendors provide platforms and systems used to manage program data.
Virtue 340B may evaluate configuration and governance structures but does not provide software systems or platform services.