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Thursday, November 21, 2024

31 Virginia hospitals participate in federal 340B Drug Pricing Program

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HRSA Administrator Carol Johnson | Health Resources and Services Administration

HRSA Administrator Carol Johnson | Health Resources and Services Administration

There are 31 Virginia hospitals participating in the federal 340B Drug Pricing Program.

This program is a federal initiative that enables eligible hospitals and healthcare organizations to purchase outpatient medications at significantly discounted prices.

Established in 1992, the program aims to provide financial relief to healthcare providers serving vulnerable populations, allowing them to stretch their scarce resources and reach more eligible patients.

Hospitals participating in the 340B program can use the savings to fund essential services and programs, such as free or low-cost medication assistance, expanded access to healthcare, and community outreach initiatives.

Participating hospitals, however, "often extend their 340B discounts to clinics in well-off communities, where they can charge privately insured patients more than those on Medicaid,” reported the Wall Street Journal.

"In some cases, the program appears to be bolstering profits in well-off areas more than it is underwriting services in less-privileged neighborhoods,” said the Journal article.

U.S. Sen. John Kennedy (R-La.) introduced a bill in 2023 that he said would ensure "that organizations are transparent about how they use resources from” the 340B program.

"The 340B Drug Pricing Program is supposed to help low-income and uninsured Americans afford their medicine, but some are taking advantage of the program at the expense of vulnerable patients,” said Kennedy.

Which Virginia hospitals participate in the 340B program?

HospitalCity
Augusta Medical CenterFishersville
Bath County Community HospitalHot Springs
Bon Secours Maryview Medical CenterPortsmouth
Bon Secours Richmond Community HospitalRichmond
Carilion Giles Community HospitalPearisburg
Carilion Medical CenterRoanoke
Carilion Rockbridge Community HospitalLexington
Centra HealthLynchburg
Chesapeake General HospitalChesapeake
Children’s Hospital of The King’s DaughtersNorfolk
Community Memorial HospitalSouth Hill
Dickenson Community HospitalClintwood
Halifax Regional HospitalSouth Boston
Inova Fairfax HospitalFalls Church
Johnston Memorial HospitalAbingdon
Lonesome Pine HospitalBig Stone Gap
Page Memorial HospitalLuray
Rappahannock General HospitalKilmarnock
Riverside Regional Medical CenterNewport News
Riverside Shore Memorial HospitalOnancock
Russell County HospitalLebanon
Sentara Leigh HospitalNorfolk
Sentara Norfolk General HospitalNorfolk
Shenandoah Memorial HospitalWoodstock
Southside Community HospitalFarmville
Southside Regional Medical CenterPetersburg
St. Mary’s HospitalRichmond
University of Virginia Medical CenterCharlottesville
UVA Health Prince William HospitalManassas
Virginia Commonwealth University Health SystemRichmond
Winchester Medical CenterWinchester

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