Understanding the ins and outs of 340B is no easy matter. FortisRx’s innovative 340B program, led by an experienced, nationally recognized team of specialists with access to best-in-class systems and technology, helps bridge the gap to ensure regulatory compliance and program optimization.
340B is a federal pharmaceutical discount program for certain safety-net health care centers, clinics and hospitals. The program provides discounted pharmaceuticals to federal purchasers and certain grantees of federal agencies. Drug manufacturers whose drugs are covered by Medicaid are required to provide discounts to eligible entities. Covered entities can achieve significant pharmacy cost savings— estimated to be 20% to 50% on the cost of outpatient pharmaceuticals. These savings can be used to reduce drug prices, increase services and serve more patients. Though the benefits are significant, the regulations and requirements for 340B are very complex.