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Saturday, May 4, 2024

20 New Mexico hospitals participate in federal 340B Drug Pricing Program

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HRSA Administrator Carol Johnson | Health Resources and Services Administration

HRSA Administrator Carol Johnson | Health Resources and Services Administration

There are 20 New Mexico hospitals participating in the federal 340B Drug Pricing Program.

This program is a federal initiative that enables eligible hospitals and healthcare organizations to purchase outpatient medications at significantly discounted prices.

Established in 1992, the program aims to provide financial relief to healthcare providers serving vulnerable populations, allowing them to stretch their scarce resources and reach more eligible patients.

Hospitals participating in the 340B program can use the savings to fund essential services and programs, such as free or low-cost medication assistance, expanded access to healthcare, and community outreach initiatives.

Participating hospitals, however, "often extend their 340B discounts to clinics in well-off communities, where they can charge privately insured patients more than those on Medicaid,” reported the Wall Street Journal.

"In some cases, the program appears to be bolstering profits in well-off areas more than it is underwriting services in less-privileged neighborhoods,” said the Journal article.

U.S. Sen. John Kennedy (R-La.) introduced a bill in 2023 that he said would ensure "that organizations are transparent about how they use resources from” the 340B program.

"The 340B Drug Pricing Program is supposed to help low-income and uninsured Americans afford their medicine, but some are taking advantage of the program at the expense of vulnerable patients,” said Kennedy.

Which New Mexico hospitals participate in the 340B program?

HospitalCity
Cibola General HospitalGrants
Dr. Dan C Trigg Memorial HospitalTucumcari
Espanola HospitalEspanola
Gerald Champion Regional Medical CenterAlamogordo
Gila Regional Medical CenterSilver City
Holy Cross HospitalTaos
Lincoln County Medical CenterRuidoso
Nor-Lea General HospitalLovington
Plains Regional Medical Center - ClovisClovis
Presbyterian HospitalAlbuquerque
Rehoboth McKinley Christian HospitalGallup
Roosevelt General HospitalPortales
San Juan Regional Medical CenterFarmington
Santa Fe Medical CenterSanta Fe
Sierra Vista HospitalTruth Or Consequences
Socorro General HospitalSocorro
St. Vincent HospitalSanta Fe
Union County General HospitalClayton
University Of New Mexico HospitalAlbuquerque
UNM Sandoval Regional Medical CenterRio Rancho

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