Federal Government’s 340B Program is an excellent initiative to serve the most vulnerable patients. The low-income category is always overlooked when it comes to expensive drugs and treatments. With the advent of the 340B program, the most needed lot of the population may be served comprehensively. Though on the outer surface, the execution of the program looks smooth, there are a few underlying aspects that we must know.
Top things to know about the 340B program
. Complex Execution Methodology
Though the intent and purpose are clear for the program, the execution methods are highly complex. The tracking of the data and finding the right match of patients are all considered difficult by the hospitals. Indeed, the eligibility criteria for the patients are also not confusing, but for the hospitals, it must match with the criteria that the order tells.
Some third-party vendors took up this challenge and started helping the healthcare centers and hospitals, but never stood ground for a long time. However, here is information about the 340b Specialist Companythat has been in this service for the past 10 years, and has served 14 states so far. MediraRx has a leading software solution that addresses all the issues for healthcare centers. This excellent cloud-based platform allows you manage complete 340b data in minutes.
. Cancer Drugs are most Utilized so far
This is an alarming state of human health in the country. About 40% of the federal resource spent on the 340B program on Oncology drugs. Of course, no medicare system shall offer help in this part. Between the years 2010 and 2013, about 58% of the Federal Reserve was used for the Medicare free of service program. The federal resources were used for
- Powerful medicines for Oncology
- Increased Infrastructure for Cancer Hospitals
- Increased Hospitals for Cancer Care
- Patients relationship with the health care center
As we know that the eligibility criteria for a patient to receive benefits of the 340B program is to get the health care services also in addition to the drugs. At the same time, there must be a substantial relationship between the patient and the healthcare center. This is ascertained by hospital records, medical examination records from time to time.
The 340B institution is the one that can offer such services. Moreover, the treatment is to be given by the professional employed by the institution. The patient must have received treatments consistently for the same sickness and only then the discounted medicines are available for the patients.
There is a lot more information available for the general public to know about the 340B program. The eligibility criteria though mentioned for the people remains intact, the drug used for outpatient is limited. Moreover, over-the-counter drugs can be provided only over a prescription and they must be FDA approved.
In fact, for a diabetes patient, to buy insulin, it must be FDA approved as well. Only then the discounted price is applicable. For all the other health care services, the drug usage is limited to the hospital services to treat the patients who are under the 340B program.