Partner Joy Sturm presented at the “BIG FOUR” Pharmaceutical Pricing Boot Camp on U.S. Government Contract Price Calculations and the Inflation Reduction Act on 2 May at 2:45 p.m. ET
In this session panelists discussed the VHCA calculations, from nuts and bolts to complex issues, and also provided a timely analysis of the IRA and how it “imports” the Non-FAMP into the new IRA pricing program.
The panel provided insights into:
PART I: IRA & VHCA Section 603 Interconnectedness
- Summary of IRA program and drug price negotiation / MFP
- Leveraging of Non-Federal Average Manufacturers Price (Non-FAMP)
PART II: VHCA Section 603 Non-FAMP & FCP Calculations and Reporting
- The Framework for Calculation and Reporting
- “Nuts and bolts” of the Non-FAMP and FCP calculations
- Annual and quarterly reporting requirements and their intersection with FSS contract
- Best practices for obtaining data necessary for Non-FAMP calculation
- Overlapping issues as between Medicaid (BP & AMP) and VHCA (Non-FAMP)
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