The new measure protects 340B hospitals, which receive prescription medication at reduced prices, from having to pay additional fees brought about by pharmacy benefit managers, as well as bans them from decreasing reimbursements on the discounted drugs.
Supporters of the measure believe it helps safety net healthcare providers keep their doors open amid growing financial strain, according to cleveland.com.
More articles on pharmacy:
CVS names first chief customer officer
AmerisourceBergen to buy Walgreens’ Alliance Healthcare for $6.5B
Up to 6,000 pharmacies could begin giving COVID-19 vaccines in 2 weeks, HHS official says
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.