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Federal 340B Drug Pricing Program – An Industry Update and Mitigation Strategies Relative to Recent Challenges

Omnicell

Jeff Spencer Senior Director, 340B Sales and Account Management, Omnicell Since its inception 30 years ago, the 340B Drug Pricing Program has helped non-profit healthcare organizations expand services for their communities. The pharmaceutical company notifies the hospital's drug supplier to resume supplying at a 340B discount.

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Filings buzz in pharmaceuticals: 65% increase in cloud computing mentions in Q1 of 2022

Pharmaceutical Technology

In total, the frequency of sentences related to cloud computing between April 2021 and March 2022 was 133% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings. Other top employers with high cloud mentions included GSK, Roche and Pfizer.

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Filings buzz in pharmaceuticals: 22% decrease in robotics mentions in Q1 of 2022

Pharmaceutical Technology

In total, the frequency of sentences related to robotics between April 2021 and March 2022 was as frequent as in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings. Other top employers with high robotics mentions included Pfizer, Novartis and Sanofi.

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The History and Noble Purpose of the 340B Drug Pricing Program

Omnicell

Ken Perez Vice President of Healthcare Policy, Omnicell; In Sept. Please visit Omnicell's Webinars to learn more about 340B and other healthcare topics. Add link to Omnicell's Webinars. 2020, the U.S. Census Bureau announced that the number of Americans in poverty in 2019 was 34 million, about 10.5 percent of the population.

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17 Different Contract Pharmacy Policies and Counting

Omnicell

Ted Slafsky Founder and Principal of Wexford Solutions, Publisher, 340B Report In the past 18 months, the 340B contract pharmacy program has seemingly fractured into 17 programs, one governed by the federal government and 16 others with their own standards determined by pharmaceutical manufacturers.

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The 20 Key Moments in the 340B Program's 30-Year History

Omnicell

There was bipartisan support for the program at the hearing and support for measures such as requiring pharmaceutical companies to publish their prices in a password protected site on HRSA's website. 2006: Congress passed, and President George W. payment cut in Medicare Part B reimbursement.

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Federal 340B Ruling Underscores Need for Balanced Pharmacy Program

Omnicell

Last month, a federal appeals court in Philadelphia sided largely with pharmaceutical companies in the ongoing showdown involving access to 340B discount pricing via contract pharmacies. The three-judge panel for the U.S. I encourage you to start your journey by reading 3 Considerations to Optimize Your Specialty Pharmacy.