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Thursday, November 21, 2024

17 Wyoming 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 17 Wyoming 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 Wyoming hospitals participate in the 340B program?

HospitalCity
Campbell County Memorial HospitalGillette
Community HospitalTorrington
Crook County Medical ServicesSundance
Hot Springs County MemorialThermopolis
Johnson County HealthcareBuffalo
Memorial Hospital of Carbon CountyRawlins
Memorial Hospital of Converse CountyDouglas
Niobrara County Hospital DistrictLusk
North Big Horn Hospital DistrictLovell
Platte County Memorial HospitalWheatland
Powell Valley HealthcarePowell
South Big Horn HospitalBasin
South Lincoln Hospital DistrictKemmerer
Star Valley HealthAfton
Washakie Medical CenterWorland
West Park Hospital DistrictCody
Weston County Health DistrictNewcastle

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