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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.