fbpx

< Back to Thought Leadership

340B Program HRSA Response to Pharmaceutical Manufacturers

After months of pharmaceutical manufacturers placing restrictions on the 340B Program to both contract pharmacies and covered entities, HRSA sent letters to six pharmaceutical manufacturers stating they violated the 340B Statute. The HRSA Acting Administrator declared these pharmaceutical manufacturers violated the 340B statue by placing restrictions on the 340B Program pricing at both contract pharmacy locations and covered entities.

Six Pharmaceutical Manufacturers Violated the 340B Statute

In HRSA’s response, they detail some of the ways manufacturers were in violation of the 340B Statute:

  • Limiting covered entity’s access to the drugs they were able to purchase through the 340B Program
  • Stopped providing the 340B ceiling price
  • Dispensing drugs through contract pharmacies
  • Required specific data submissions to limit sales

HRSA instructed the pharmaceutical manufacturers remove the restrictions and begin offering the covered outpatient drugs at the 340B Program ceiling price at covered entities contract pharmacies. The pharmaceutical manufacturers have until June 1, 2021 to comply.

The full release from HRSA can be found on the OPA webpage.

Have Questions about What this Means for Your Organization? 

Our team will continue to provide updates as more information is released about the 340B Program and HRSA’s response. We recommend that you begin working with your TPA vendor to begin to assess what savings are owed to your location from the months of restrictions. If you would like one of our 340B Program experts to reach out to you, please fill out the form below and they will contact you within 24 hours.

 

captive insurance

Captive Insurance Considerations

By Caroline Paulus, CPA, Audit Manager at Blue & Co. Insurance costs for not-for-profit organizations, especially state and national membership organizations, can vary widely based on several factors, including size […]

Learn More
cost management strategies for manufacturers

Maximizing Profitability: Key Cost Management Strategies for Manufacturers

By Joe Nett, CPA, Manager at Blue & Co. LLC In today’s fast-paced manufacturing environment, managing costs efficiently is vital for staying competitive and driving long-term success. By adopting strategic […]

Learn More

Internal Audit versus External Audit: The Key Differentiators

Most organizations are familiar with external audits that are performed by licensed auditors to ensure financial statements are accurate. Internal audit refer to systematic and independent examinations of an organization’s […]

Learn More