Government pricing compliance in the pharmaceutical industry can be overwhelming, with serious consequences for any missteps. To avoid costly penalties and ensure your company stays compliant, it’s essential to have a structured approach. That’s why we’ve created three valuable government pricing compliance checklists — monthly, quarterly, and annual — to help you stay on track and streamline your compliance processes.
Each checklist is designed to ensure that every step is taken at the right time, so no detail is overlooked in maintaining compliance.
Let’s take a look at what each checklist covers and how it can support your compliance efforts.
Monthly Government Pricing Compliance Checklist
Tackling monthly compliance tasks is crucial to staying ahead of regulatory requirements. This checklist helps you focus on:
- Updating product information (UOM, UPPS, and AMP) and verifying Class of Trade (COT) assignments.
- Reconciling transactional data with your accounting system and documenting any discrepancies.
- Conducting monthly AMP, ASP, and Best Price calculations and ensuring accurate 340B pricing.
Download the Monthly Government Pricing Compliance Checklist to stay organized and on top of critical monthly compliance tasks.
Quarterly Government Pricing Compliance Checklist
Quarterly reviews ensure that your compliance processes are up-to-date and functioning as intended. This checklist focuses on:
- Conducting internal audits and reviewing quarterly government pricing calculations for accuracy.
- Updating staff training programs and compliance policies to reflect regulatory changes.
- Documenting all quarterly activities and identifying any corrective actions needed.
Download the Quarterly Government Pricing Compliance Checklist to make sure your quarterly compliance efforts are comprehensive and effective.
Annual Government Pricing Compliance Checklist
The annual review is the perfect time to align compliance strategies with your company’s growth objectives. This strategic checklist covers:
- Reviewing the regulatory landscape and assessing the impact on your compliance strategies.
- Evaluating your compliance program’s effectiveness and making necessary improvements.
- Refreshing training programs, improving inter-company communication, and assessing long-term strategies for compliance and growth.
Download the Annual Government Pricing Compliance Checklist to ensure your annual compliance review supports both compliance and growth objectives.
Stay Ahead of Compliance Challenges
With these free checklists, you can streamline your government pricing compliance processes and stay ahead of potential issues. Ready to get some compliance peace of mind? Download all three free checklists and get started today!