Posted On: March 24, 2025 by Community HealthCare System in: Community health news, News
The 340B Drug Pricing Program was created by the federal government and requires drug manufacturers to provide eligible hospitals medications for significantly reduced prices. Not every hospital is eligible and not every medication has a lower 340B price. The Health Resources and Services Administration (HRSA) has established rules to ensure that eligible hospitals are serving patients in need. Each year documentation is required to prove continued eligibility. Community HealthCare System (CHCS) is a 340B eligible covered entity because we are a Critical Access Hospital serving a rural population. Medications that have the best, i.e. the lowest, 340B price are medications that have seen the largest increase in costs in the previous quarter. The 340B price is meant to act as a deterrent to the pharmaceutical industry from excessively raising prices and putting profits ahead of patient’s health and safety. If the price of their medication goes down, then the 340B discount goes
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