Growth in 340B Purchases Driven by Pharma Price Increases, Broader Healthcare Trends, Providers Say

Providers say drugmaker price increases and broader healthcare trends drove last year's increase in total 340B purchases.
The growth in total 340B purchases last year was largely a result of drugmaker price increases and broader healthcare trends, [...]

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Magic Johnson-Backed Startup Raises $31 Million to Help Build, Expand In-House Pharmacies at 340B HIV Clinics

Alchemy announced that it has raised $31 million, as part of a campaign with NBA legend Earvin “Magic” Johnson, to help build in-house pharmacies for HIV clinics. (Credit: Shutterstock)
A California-based healthcare startup recently announced that it has raised more than $30 million, as part of a campaign with [...]

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5 Key Focus Areas in a 340B Audit

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The phrase “we’re scheduling an audit” generally triggers angst, tension and even fear. Audits of your 340B operations look deeply into your prescription records and billing procedures. They are complex and require a great deal of preparation and

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340B Lobbying Activity Did Not Slow Down in Q3, Federal Filings Suggest

340B Working Table
More than 360 firms reported lobbying on the 340B program between July 1 and Sept. 30.
The 340B drug discount program continued to be a hot topic for lobbyists in the third quarter of 2024, keeping [...]

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News Alert

Total 340B Drug Purchases Reached $66 Billion in 2023

Total 340B purchases reached $66.3 billion in 2023, according to new HRSA data released Oct. 18.
Drug purchases under the 340B program reached $66.3 billion in 2023, marking a 24% increase over the $54 billion in [...]

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Former Senior Trump Official Talks Drug Pricing Reform, Says 340B Program Is ‘Out of Control’

Joe Grogan (left), a top official in the former Trump administration raised serious concerns with the 340B program during the keynote address at The Association for Value-Based Cancer Care Annual Summit in New York Thursday.
A key official in the former Trump administration raised serious concerns with the 340B program during the keynote address at [...]

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Former J&J Attorney and Current Kalderos Board Director Says Battle over Rebates Has Not Ended

J&J's proposed rebate model was a key topic of discussion at a Wednesday panel led by moderator, 340B Report Publisher and CEO Ted Slafsky.
An influential drug industry expert said that he expects Johnson & Johnson (J&J) to sue the government over its refusal [...]

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Optimizing Your 340B Program: Ensuring Accurate Capture and Identifying Data Gaps

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The 340B Drug Pricing Program offers significant savings to eligible healthcare organizations, enabling them to stretch scarce resources further and provide better services to their communities. However, ensuring your program captures the maximum potential savings and operates optimally requires close monitoring of

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Dark Money Poured Nearly $4M into Super PAC Opposing State 340B Contract Pharmacy Access Bills

Stand for US PAC received $3.8 million in contributions over the last three months from a conservative dark money group.
A political action committee (PAC) that funded efforts opposing state 340B contract pharmacy access bills through misleading claims linking the [...]

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LA Times Says ‘No’ to California Ballot Measure That Would Affect 340B 

The Los Angeles Times’ editorial board endorsed the “no” position on Proposition 34, a 340B-realated measure which will appear on the Nov. 5 ballot.
An influential California newspaper recently urged against a November ballot measure, which would require certain healthcare providers in the state [...]

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