HealthLeaders Media January 11, 2023
Amanda Norris

The 340B program requires drug manufacturers to provide outpatient drugs to eligible healthcare organizations and other covered entities at significantly reduced prices.

KEY TAKEAWAYS

– The Supreme Court unanimously ruled that cuts to hospital reimbursement under the 340B drug discount program were unlawful.

– CMS solidified the payment policy for 2023 of average sales price of 6% for drugs and biologicals acquired through the 340B program because of that unanimous Supreme Court decision.

– Leaders agree they will continue to watch what happens with 340B payments as they are a life line for most orginizations.

340B payments are a lifeline for some organizations, so when payments were previously cut, hospital groups were not happy, to say the least.

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Topics: Biotechnology, CMS, Govt Agencies, Insurance, Medicare, Pharma, Pharma / Biotech, Provider, RCM (Revenue Cycle Mgmt), Technology
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