Remove Blog Remove Omnicell Remove Pharmaceutical Companies
article thumbnail

Federal 340B Drug Pricing Program – An Industry Update and Mitigation Strategies Relative to Recent Challenges

Omnicell

Jeff Spencer Senior Director, 340B Sales and Account Management, Omnicell Since its inception 30 years ago, the 340B Drug Pricing Program has helped non-profit healthcare organizations expand services for their communities. The pharmaceutical company notifies the hospital's drug supplier to resume supplying at a 340B discount.

article thumbnail

Federal 340B Ruling Underscores Need for Balanced Pharmacy Program

Omnicell

Last month, a federal appeals court in Philadelphia sided largely with pharmaceutical companies in the ongoing showdown involving access to 340B discount pricing via contract pharmacies. Disclaimer The views and opinions expressed in this blog are those of the authors. The three-judge panel for the U.S. Subscribe today.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 20 Key Moments in the 340B Program's 30-Year History

Omnicell

There was bipartisan support for the program at the hearing and support for measures such as requiring pharmaceutical companies to publish their prices in a password protected site on HRSA's website. Disclaimer The views and opinions expressed in this blog are those of the authors. 2006: Congress passed, and President George W.

article thumbnail

The History and Noble Purpose of the 340B Drug Pricing Program

Omnicell

Ken Perez Vice President of Healthcare Policy, Omnicell; In Sept. Please visit Omnicell's Webinars to learn more about 340B and other healthcare topics. Add link to Omnicell's Webinars. 2020, the U.S. Census Bureau announced that the number of Americans in poverty in 2019 was 34 million, about 10.5 percent of the population.

article thumbnail

17 Different Contract Pharmacy Policies and Counting

Omnicell

Ted Slafsky Founder and Principal of Wexford Solutions, Publisher, 340B Report In the past 18 months, the 340B contract pharmacy program has seemingly fractured into 17 programs, one governed by the federal government and 16 others with their own standards determined by pharmaceutical manufacturers. Subscribe today.

article thumbnail

Congress Continues to Display Strong Bipartisan Support for the 340B Drug Pricing Program

Omnicell

Pharma’s Challenges to 340B During July and August, several large pharmaceutical companies challenged the operation of the 340B program. For more information on the programs history and a digestable synopsis of the 340B program explained , visit our blog! John Thune (R-S.D.), Debbie Stabenow (D-Mich.),

article thumbnail

The Inflation Reduction Act: The Impact of Medicare Negotiation of Prescription Drug Prices on Hospitals and Health Systems

Omnicell

Ken Perez Vice President of Healthcare Policy and Government Affairs, Omnicell In August, H.R. proposed an amendment to the IRA that would have required pharmaceutical companies to rebate the government any excess costs above the negotiated prices (presumably paid by providers). Senate Majority Leader Chuck Schumer (D-N.Y.)