The website allows 340B providers to see the maximum amount drug companies can charge under the program. The aim of the website is to ensure hospitals participating in the program are not being overcharged.
Congress mandated that the government calculate and list these ceiling prices after the HHS Office of Inspector General found a series of overcharges in the program.
The website is part of that 340B program final rule. The rule took effect Jan.1 after being delayed five times.
The “launch of a secure website listing the maximum allowable prices for all 340B covered drugs brings a healthy dose of sunshine into a marketplace that has, for far too long, been a black box. Until today, hospitals, clinics, and health centers participating in 340B had no way to be sure they were paying the correct amount for the drugs they purchase,” said Maureen Testoni, president and CEO of 340B Health, a lobbying group representing 1,300 hospitals.
More articles on pharmacy:
10 hospitals seeking pharmacy leadership
Patent protection clause is latest stumbling block for revised NAFTA
Dr. Reddy’s legal win expected to lower cost of opioid addiction treatment
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
