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340B Health

CMS Proposing Cuts to 340B Part B Reimbursement

CMS Proposing Cuts to 340B Part B Reimbursement

CMS has released a proposal to cut Part B reimbursement to 340B entities. In the notice of proposed rule making of Hospital Outpatient Prospective Payment System (OPPS), CMS is proposing cutting Part B reimbursement to 340B covered entities. The proposed payment reduction to hospitals is average sales price (ASP) less 22.5% for drugs purchased through the 340B program. Hospitals are currently reimbursed at ASP plus 6 percent. That's a 28.5% cut to reimbursement to the already vulnerable safety net hospitals. 340B Health, which represents 340B hospitals and health systems, released a statement strongly urging the Trump Administration to leave this out of the final rule, due later this year.

340B Coalition Summer Conference

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340B Coalition Summer Conference

The 340B Coalition Summer Conference will be here before we know it! I'm excited to share that both Magdalena and myself will be presenting. 

Magdalena will be covering best practices of qualifying prescriptions at a contract pharmacy. This is a hot topic in 340B. We have talked to so many entities frustrated with their third party administrators. Your program is at risk if you are routinely removing prescriptions from your program. We can't wait to share this information with the community. 

I will I'll be talking about common areas of non-compliance and the steps you need to take to check these areas, and increase your compliance.  The new auditors from The Bizzell Group know these areas well, and they will come up in your audit. 

Want to meet up at the conference? Let's get connected.

-Curtis

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