Inventory
What is the term for medications that expire soon and should be used first?
Short‑dated inventory.
What is a “duplicate discount” in 340B?
Ensuring manufacturers aren’t giving a 340B discount AND a Medicaid rebate on the same drug.
What common analgesic is most frequently stocked in automated dispensing cabinets?
Acetaminophen.
What kind of chart is best for showing the percentage breakdown of purchases by drug class?
A pie chart or donut chart.
What does WAC stand for?
Wholesale Acquisition Cost.
What do the 11 numbers in an NDC stand for?
Manufacturer (5) - Specific Drug (4) - Package Size (2)
What does COB stand for in billing?
Coordination of Benefits.
Which GI medication carries a black box warning for tardive dyskinesia?
Metoclopramide.
What does a “run rate” tell you about medication usage?
How quickly inventory is being consumed over time.
What is the term for a price discount tied to total volume purchased?
Tiered pricing.
What inventory metric measures how quickly stock is used and replenished?
Inventory Turns
What revenue cycle risk occurs when providers use outdated charge codes?
Claims may be rejected or reimbursed incorrectly due to retired or invalid codes.
Which medication class includes drugs humorously referred to as “Liquid Gold” due to cost?
Monoclonal antibodies (mAbs).
What does it mean when a report field displays “NULL”?
The value is missing or not recorded.
What is a “failure‑to‑supply” credit?
Manufacturer compensation when a contracted drug is unavailable.
What is the primary benefit of automated dispensing cabinets from an inventory standpoint?
Real‑time tracking of inventory usage and reduction of manual counts.
What does it mean when a location is “carved out” of 340B?
The site does not use 340B pricing for covered outpatient drugs.
What lab value must be monitored closely when starting a patient on warfarin?
INR (International Normalized Ratio).
What does a “variance analysis” report compare?
Actual performance against expected or budgeted performance.
Why might two hospitals in the same health system pay different prices for the same NDC?
Different account types (340B vs GPO vs WAC), misaligned contracts, or incorrect pricing loads.
Why would a pharmacy temporarily increase par levels on certain medications?
Anticipated seasonal demand, upcoming procedures, or known supply instability.
What does it mean when a claim is “denied for units mismatch”?
The units billed don’t match the expected units for that drug code.
Which antibiotic class is commonly avoided in children under 8 due to effects on teeth and bones?
Tetracyclines (e.g., doxycycline).
What does the acronym ETL stand for?
Extract, Transform, Load
What is the main purpose of a GPO membership for a hospital?
To access group‑negotiated pricing and savings.