20 Jun Becker’s Hospital Review: 340B saves hospitals an average $11.8M per year, report finds
“Hospitals participating in the 340B drug discount program saved an average of $11.8 million per year, according to a new report from 340B Health.
For its annual report, released in June, the alliance of hospitals and health systems participating in the 340B drug-pricing program, last year surveyed more than 1,300 of its member hospitals to better understand the savings generated by the program and how providers are using their 340B savings.
The 340B program, signed into law in 1992, allows participating healthcare organizations to buy outpatient drugs at a discount. To participate, providers must show that they serve a large number of low-income, Medicaid, uninsured or underinsured populations.”