#340b

States should stop bolstering a broken program, and Congress must close the loopholes that continue to harm patients. Source link

A federal judge shows how this hospital ‘discount’ fleeces drug makers and patients. Source link

Medicaid provides long-term coverage for treatment costs up to 90 days before enrollment, recognizing that illnesses (and medical expenses) are not bound by the program’s cut-off date requirements. recent federal policy changes But it quietly shortened the retroactive coverage period to 60 days, shifting billions of dollars in costs from the government to patients, nursing homes and other parts…

The idea is for medical centers to use these discounts to help serve their communities and keep their doors open. But critics have accused some providers, especially large nonprofit health systems, of using program savings to bolster profits rather than reinvesting them into costly community care.

And $3+ million is how much Medicare and Medicare Advantage drug plans have been ordered to pay for “inappropriately delaying or denying” services in the first four months of this year—more than the past four years combined, one analysis finds.

Finally, with only six days left, only $1.9 billion of the $2.67 billion Blue Cross Blue Shield (BCBS) settlement is left to be claimed by those who provided healthcare services, equipment, or supplies to BCBS-insured patients between July 24, 2008, and October 4, 2024 with the deadline being July 29 via SettlementBillions.org

The 340B Drug Pricing Program, a federal initiative to reduce drug costs for eligible healthcare organizations, has grown dramatically in recent years. According to estimates, 340B drug sales have increased by more than 20% annually, making it a significant component of the U.S. pharmaceutical landscape. But what’s driving this surge in 340B drug sales, and what does it mean for healthcare…

340B inventory management refers to the process of managing the medications purchased at a discounted price through the 340B Drug Pricing Program. The 340B program is a federal government program that enables certain qualifying hospitals and clinics to purchase prescription drugs at a discounted price, typically 20-50% less than the average wholesale price.

Inventory management in pharmacy refers to the process of managing and tracking the stock of medications and medical supplies in a pharmacy or healthcare setting. This includes the monitoring of stock levels, expiration dates, and the ordering and replenishment of inventory.

In hospital pharmacy, inventory management is crucial to ensuring the availability of medications and medical supplies needed to treat patients while minimizing waste and controlling costs. Proper inventory management can also help reduce the risk of medication errors, stockouts, and overstocking.

The 340B program has introduced new challenges to inventory management, as it requires covered entities to track and report their purchases and usage of discounted drugs in order to comply with program regulations. In response, a range of 340B virtual inventory management software and technologies have emerged, including healthcare inventory management software and healthcare inventory management systems, to help covered entities track their 340B inventory and ensure compliance with program requirements. Effective inventory management software for healthcare can help organizations optimize inventory levels, reduce waste, and streamline their operations.