What does PHS stand for in 340B?
Section 340B of the Public Health Service Act requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted prices to health care organizations that care for many uninsured and low-income patients.
What is WAC in 340B?
WAC stands for wholesale acquisition cost, which indicates the price charged by pharmaceutical manufacturers to wholesale drug distributors.
What does carve in mean in 340B?
“Carve-In”: A commonly used term to describe a covered entity’s decision to use 340B discounted drugs for its Medicaid patients that meet the 340B program’s patient definition test.
Is 340B part of Medicare Part D?
Medicare Part D Rebates Related to Drugs Dispensed by 340B Pharmacies. Drug manufacturer rebates reduce the cost of the Part D program to beneficiaries and the Government. Savings could be realized if sponsors and manufacturers agreed that eligible prescriptions filled at 340B pharmacies would receive rebates.
What is a mixed use pharmacy?
Mixed Use Setting This refers to a hospital area that serves both outpatients and inpatients.
Which prescriptions are 340B eligible?
Eligible Organizations Section 340B(a)(4) of the Public Health Service Act specifies which covered entities are eligible to participate in the 340B Drug Program. These include qualifying hospitals, Federal grantees from HRSA, the Centers for Disease Control and Prevention (CDC), the Department of Health and Human Services’ Office of Population Affairs, and the Indian Health
What is 340B and how does it affect you?
The 340B drug pricing program helps hospitals care for vulnerable patients in some of the most underserved areas of the country. But new cuts to the program could pass increased costs from hospitals to consumers. Learn more about what this program is and why it matters to you and your community.
Which drugs are 340B eligible?
– Black Lung Clinics – Comprehensive Hemophilia Diagnostic Treatment Centers – Title X Family Planning Clinics – Sexually Transmitted Disease Clinics – Tuberculosis Clinics
Does this pharmacy have a 340B?
340B covered entities may elect to dispense 340B drugs to patients through contract pharmacy services, an arrangement in which the 340B covered entity signs a written contract with a pharmacy to provide pharmacy services. The use of an individual contract pharmacy or multiple contract pharmacies is voluntary, and a covered entity should first determine its needs for pharmacy services and the appropriate distribution mechanism for those services when deciding whether or not to utilize a