Learn More about Contract Pharmacies & 340B Drug Pricing Program
340B Drug Pricing Program was introduced to help needy patients get access to low-cost medications. The most vulnerable patients will get benefited from this program. 340B Drug Pricing Program will require drug manufacturers to supply drugs to eligible healthcare organizations. Keeping in mind the significant prices of drugs, this program was specially set to reduce the prices of the necessary drugs. The community pharmacies in this regard are encouraged to reach out to covered entities within their community. If you are one of the eligible patients, contact a dispensing provider to learn more about 340B Drug Pricing Program.
Current Situation
According to 340B Drug Pricing Program, an uninsured patient whose prescription qualifies for a discount is eligible to get the benefit. But in recent days, the scenario is different. While hospital and the pharmacies are splitting the profits of 340B, patients are paying the regular drug prices.
340B program allows contract pharmacies to earn millions of profits every year. A study shows that contract pharmacies on dispensing 340B medicines earn a margin of 72% profit. And when you compare 340B medicine with non 340B medicine, the profit margins goes down to 22%.
The current scenario is alarming to the Americans and many policymakers. Since manipulation is increasing day by day, patients are losing their faith in safety-net program.
Dispensing providers in contract pharmacies should be amiable enough to help the patients during their need. It’s the responsibility of the organization to maintain a safe and secure environment. In recent days, many pharmacies adhered to in-office medications dispensing facility, and it has been proving beneficial for both physicians and patients.
PD-RX Pharmaceuticals should be your choice when it comes to choosing physician dispensing. PD-RX Pharmaceuticals allow patients get direct access to medications which is cost-effective. Contact us for more information.
**Disclaimer: The information on this page is not intended to be a doctor's advice, nor does it create any form of patient-doctor relationship.