340B

Term from Pharmacy industry explained for recruiters

340B is a federal program that helps hospitals and clinics serving vulnerable populations buy medications at reduced prices. When you see "340B" in a resume or job description, it refers to experience managing or working with this special drug pricing program. It's like a discount program that allows certain healthcare facilities to purchase medications at lower costs, so they can better serve patients who might otherwise struggle to afford their prescriptions. This program requires careful tracking, specific certifications, and knowledge of healthcare regulations.

Examples in Resumes

Managed 340B program compliance for three hospital locations

Implemented 340B pricing strategies resulting in $2M annual savings

Coordinated between pharmacy and finance departments for 340B program oversight

Typical job title: "340B Program Managers"

Also try searching for:

340B Program Coordinator 340B Pharmacy Specialist 340B Compliance Manager 340B Program Director 340B Analyst 340B Operations Manager

Example Interview Questions

Senior Level Questions

Q: How would you handle a 340B program audit?

Expected Answer: Should discuss creating comprehensive documentation, ensuring compliance records are ready, coordinating with various departments, and having corrective action plans in place if issues are found.

Q: What strategies have you implemented to improve 340B program efficiency?

Expected Answer: Should mention experience with process improvements, team training, software implementation, and maintaining compliance while maximizing program benefits.

Mid Level Questions

Q: How do you ensure 340B program compliance?

Expected Answer: Should explain regular auditing processes, patient eligibility verification, and maintaining proper documentation of all program activities.

Q: What experience do you have with 340B software systems?

Expected Answer: Should be able to discuss common 340B management software, how they track eligible prescriptions, and generate required reports.

Junior Level Questions

Q: What is the 340B program and who is eligible?

Expected Answer: Should explain basic program purpose of providing discounted medications to eligible healthcare organizations serving vulnerable populations.

Q: How do you determine patient eligibility for 340B?

Expected Answer: Should describe basic patient eligibility criteria and the importance of maintaining proper documentation.

Experience Level Indicators

Junior (0-2 years)

  • Basic understanding of 340B program requirements
  • Patient eligibility verification
  • Basic compliance documentation
  • Database entry and maintenance

Mid (2-5 years)

  • 340B software system management
  • Compliance monitoring and reporting
  • Staff training and education
  • Audit preparation and support

Senior (5+ years)

  • Program optimization and strategy
  • Compliance oversight and risk management
  • Department coordination and leadership
  • Policy development and implementation

Red Flags to Watch For

  • No knowledge of basic 340B program requirements and eligibility criteria
  • Lack of experience with compliance documentation
  • Unable to explain patient eligibility verification process
  • No familiarity with 340B software systems or reporting tools