340B Overview

Sometimes referred to as "PHS Pricing" or "602 Pricing," the 340B Drug Pricing Program requires drug manufacturers to provide outpatient drugs to certain covered entities specified in the statute 42 U.S.C. 340B(a)(4)at a reduced price, also defined in the statute. This is a price-capping program for federally approved/funded medical facilities including pharmacies, clinics, indigent hospitals, aids clinics, etc.

Any pharmacy that fills scripts for covered entities can get drugs at the fixed price, but they have to be able to track the inventory separately from their normal retail inventory. HCC provides the tools to maintain the separate inventory guidelines necessary for participation in 340B programs.

Additional 340B Information

• http://pssc.aphanet.org/about/whatisthe340b.htm
• http://www.hrsa.gov/opa/