What is Pharmacy Audit?
A pharmacy audit can be regarded as a comprehensive and in-depth review of processes and operations for verifying the compliance of the pharmacy with the respective regulations. Pharmacy audits can be announced or unannounced. These can be conducted by either third-party insurance companies or government parties. These audits by a reliable pharmaceutical service provider are aimed at detecting wastes, frauds, and abuse of any kind.
Importance of Pharmacy Audits
There are several reasons for your independent pharmacy to hire services from professional quality auditing service providers.
- Compliance Inspection: CMS Onsite audits, Catamaran audits, medicare accreditation, and state board inspections -all of these aspects are instances of government compliance inspections. These could be either a routine or might be conducted due to some issue.
- Pharmacy Benefit Manager Audit: An audit from the quality audits provider or PBM can be the result of the inability to deliver requested documents or not abiding by the terms of the respective pharmacy agreement. As per the leading pharmaceutical audit consultancy experts, the best way of safeguarding against PBM audits is by avoiding contract signing including any illegal auditing.
Preparing for Pharmacy Audit
Indeed, even the most reputed and established pharmacy might find itself in the need of in-depth pharmacy audit from time to time. To help you with the same, we have come up with a comprehensive pharmacy audit checklist. Here are some ways to prepare your pharmacy checklist for the audit.