Tag Archives: hospitals

How to Start and Maintain a 340B Program

Posted: November 16, 2021

By Lori McGinley, Vice President of Pharmacy Management, PharmD on Demand The evolution of the 340B Pharmacy Program has been shown to improve patients’ quality of life while simultaneously supporting the financial and regulatory health of the organization serving them. These 340B-covered entities use in-house pharmacies owned by the entity to both help patients obtain… Read More

How Remote Pharmacy Services Can Help Small and Mid-sized Hospitals

Posted: November 9, 2021

By Cory Swymer, Vice President of Remote Pharmacy Services A well-run remote pharmacy inside a hospital can increase patient safety and the continuity of care by ensuring orders are reviewed by a pharmacist before reaching the patient, even when the on-site hospital pharmacy is closed. Remote pharmacy services (RPS) are especially important – and cost-effective… Read More

CMS Payment Reductions for 340B Program

Posted: February 6, 2018

The Rule by CMS changing Medicare Part B payment methodology for OPPS hospitals will go into effect on January 1, 2018.  The excerpt from the rule specific to 340B is as follows: 340B Drug Pricing: “We are changing our current Medicare Part B drug payment methodology for 340B hospitals that we believe will better, and more appropriately, reflect the resources and acquisition costs that these hospitals incur. These changes will lower… Read More

5 Things to Know About the Proposed 340B Changes

Posted: December 14, 2017

The 340B program is a Federal drug discount program established in 1992, enabling qualified hospitals and healthcare facilities to purchase outpatient drugs at VA prices (average 60% of GPO pricing). The classifications for facilities capable of participating in 340B are Disproportionate share, Critical Access, Rural Referral, Sole Community, freestanding Cancer, and freestanding Children’s hospitals. The… Read More

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