Here are the ABCs of #340B: how it works, and the congressional intent behind this successful, bipartisan program that requires no taxpayer dollars to fund care. A. Safety-net hospitals, health centers, and clinics that serve a large portion of uninsured, underinsured, or rural patients receive discounts from drugmakers on eligible outpatient drugs. When an insured patient receives one of these drugs, the difference between the 340B price and the reimbursement rate generates cost savings for the provider. B. 340B providers use those savings to fund health care services and programs best suited to their community’s needs. Examples could include building a state-of-the-art cancer center, providing free or discounted drugs to low-income patients, keeping a hospital’s doors open in a rural area, and much more. C. By receiving more access to crucial care, patients’ health outcomes improve, and the entire health care system saves money in the long run due to lowered emergency room and hospital readmissions. #Becauseof340B #Pharmacy #HealthPolicy
340B Health
Hospitals and Health Care
WASHINGTON, DC 9,228 followers
340B Health strives to be the leading 340B advocate and resource in helping hospitals serve their patients.
About us
340B Health is a not-for-profit association of nearly 1,500 hospitals and health systems that participate in the 340B drug pricing program. We are the leading advocate and resource for hospitals that serve their communities through participation in the 340B program. Learn more at www.340bhealth.org. Privacy and Terms of Use information: https://www.340bhealth.org/terms-of-use
- Website
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http://www.340bhealth.org
External link for 340B Health
- Industry
- Hospitals and Health Care
- Company size
- 11-50 employees
- Headquarters
- WASHINGTON, DC
- Type
- Nonprofit
- Founded
- 1993
- Specialties
- advocacy, education, healthcare, 340B, pharmaceutical, trade association, and healthcare nonprofit
Locations
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Primary
1101 15TH ST NW STE 910
WASHINGTON, DC 20005, US
Employees at 340B Health
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Carla Williams, CMP, DES
Director of Events at 340B Health
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Stacey O'Donnell
Simple Hires, LLC
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Sumona Patel
Leading pharmacy strategic growth and innovation to best serve the health of the public
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Tom O'Donnell, IOM
Government Affairs and Public Policy Executive | Drive Focused Advocacy Strategies that Deliver Legislative and Regulatory Victories
Updates
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340B Health reposted this
I am honored to have received the 340B Health MVP Award for 2023 at the 340B Summer Coalition Conference! Congratulations to all of the winners and keep up the great work to protect 340B so that we can better serve our patients and our communities! 340B Coalition #340BConf
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340B Health reposted this
It was such an honor to be recognized by 340B Health! Look at all of these amazing women in 340B working hard for our patients! ❤️😊🏥 Thank you Maureen Testoni and Tom O'Donnell, IOM! #340BConf #WomenIn340B 340B Coalition
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We are excited to announce an opportunity for 340B Coalition Summer #340BConf attendees to win one of three $40 gift cards. Share your #340B stories and insights on LinkedIn for a chance to be rewarded. We look forward to your participation and reading your contributions!
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Here’s why this Lakewood Health System #oncology provider wants to #Protect340B: - #340B helps rural hospitals save millions annually and keeps essential services viable - It reinvests savings into expanded health care programs in rural communities - It supports vulnerable rural populations, ensuring they receive necessary care.
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Learn about the latest federal, state, and court news affecting #340B from our President and CEO Maureen Testoni, now on #340BInsight: bit.ly/3VEQt3q
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Scientific advancements and treatment innovations that improve patient health outcomes come with large price tags. These costly treatments often come only from specialty pharmacies that are not located in the immediate vicinity of a #340B covered entity. When we connect the sectors of our health care system, we create a safety net that low-income and rural patients depend on. Cuts to 340B create gaps in this net, make medications inaccessible, and create barriers to patients achieving their best health. Understanding the full scope of this connectivity is essential for making decisions that prioritize providers and the patients they serve. We must continue to #Protect340B.
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Earlier this month, thirty-three #340B Health members were recognized by the U.S. News & World Report for their success in caring for patients in historically underserved communities. From sea to shining sea, hospitals are delivering exceptional care #Becauseof340B! #EquitableHospitals
These are the Best Regional Hospitals for Equitable Access. #EquitableHospitals https://lnkd.in/eMsdKpRF
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Thirty-six drug manufacturers are restricting #340B drugs that treat conditions such as asthma, prostate cancer, schizophrenia, and more. Safety-net providers are receiving fewer resources to serve their large proportions of uninsured and underinsured patients, putting at risk the health outcomes of rural and low-income communities across the country. We must #Protect340B. Here’s how these restrictions affect the health care safety net: bit.ly/4681Rbp
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The ongoing litigation around #340B hospitals’ use of pharmacy partnerships continues to play out in various states that have made it clear that #Becauseof340B, health care access increases and patient health outcomes improve.
The pharmaceutical industry has filed at least four #lawsuits this year challenging state laws requiring drugmakers to offer discounts on drugs dispensed by third-party pharmacies that contract with hospitals and clinics serving low-income populations. The most recent lawsuits were filed by Novartis and Pharmaceutical Research and Manufacturers of America, the largest U.S. drug industry group, in West Virginia federal court, over a law enacted in that state in March. All of the lawsuits say that the state laws conflict with the federal law governing a drug-discount program for hospitals and clinics that serve low-income populations, known as 340B. Drugmakers must participate in the 340B program in order to receive funds from government health insurance programs like Medicare and Medicaid. Brendan Pierson has more: https://reut.rs/4e0vrVf #legal
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