340B Program definition

340B Program is hereby defined as part of the 1992 Veteran’s Health Care Act, which created Section 340B of the Public Health Services Act, allowing certain “Covered Entities” to purchase outpatient prescription drugs for their patients at favorable discounts from drug manufacturers who enter into drug purchasing agreements with the United States Department of Health and Human Services.
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340B Program means the federal drug
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340B Program means the program created pursuant to the Veterans Health Care Act of 1992, Pub. L. No. 102-585, §602, and codified as section 340B of the federal Public Health Services Act.
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Examples of 340B Program in a sentence

  • If you are interested in 340B Program participation, you must register and be enrolled and comply with all 340B Program requirements.Covered entities may realize a cost savings of 20-50 percent on outpatient drug purchases through participation in the 340B Prime Vendor Program (PVP).

  • You may be subject to audit at any time regarding 340B Program compliance.

  • If you or your sub-recipient(s) enrolls in the 340B Program, you must comply with all 340B Program requirements.

  • In the absence of the core 340B discount mechanism, there would be no need for the duplicate-discount or diversion provisions.This is particularly pertinent given that at the outset of the 340B Program only approximately 500 out of 11,500 covered entities (less than 5 percent) used in-house pharmacies.

  • No. In addition, the proposal does not change or eliminate the 340B Program in California.

  • For these reasons, the Office of the General Counsel concludes that covered entities under the 340B Program are entitled to purchase covered outpatient drugs at no more than the 340B ceiling price—and manufacturers are required to offer covered outpatient drugs at no more than the 340B ceiling price—even if those covered entities use contract pharmacies to aid in distributing those drugs to their patients.9This Advisory Opinion may be supplemented or modified by the Office of the General Counsel.

  • The 340B Program was created to allow covered entities “to stretch scarce Federal resources as far as possible, reaching more eligible patients and providing more comprehensive services.” H.R. Rept.

  • As the Health Resources and Services Administration (“HRSA”)—the agency primarily responsible for administering the 340B Program—has explained in prior guidance, a substantial number of covered entities are practically constrained to rely on contract pharmacies to access the 340B Program; if manufacturers can simply shut off this means of access, the Program’s effectiveness will be greatly diminished.

  • Anti-hemophilia drugs purchased by a covered entity through the 340B Program and dispensed to Medicaid recipients shall be billed to Medicaid at actual 340B acquisition cost plus 10 percent and the dispensing fee unless the covered entity has implemented the Medicaid carve-out option.

  • The Company has incurred losses, hence no dividend is recommended during the financial year under review.


More Definitions of 340B Program

340B Program means the drug pricing program established by the United States Secretary of Health and Human Services pursuant to section 340B of the Public Health Service Act, 42 U.S.C. § 256b, as amended.
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340B Program means the plan described in Section 340B of the Public Health Service Act, 42 USC 256b, as amended from time to time, that instructs the federal Secretary of Health and Human Services to enter into agreements with any manufacturer of covered outpatient drugs under which the amount paid to any manufacturer by certain statutorily defined covered entities does not exceed the 340B ceiling price; and
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340B Program means the 340B Drug Pricing Program defined and administered under the Health Resources and Service Administration (“HRSA”) of the U.S. Department of Health and Human Services.
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340B Program means the drug pricing program established under § 602 of the federal Veterans Health Care Act of 1992.
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340B Program means the drug pricing program
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Related to 340B Program

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  • Training program means an NCA-approved Iowa college, the Iowa law enforcement academy or an Iowa hospital approved by the department to conduct emergency medical care training.

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  • Pilot program means a program using a representative sample of residential and small commercial customers to assist in developing and offering customer choice of electricity supply for all residential and commercial customers.

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  • Apprenticeship program means a program registered with the U.S. Department of Labor, Office of Apprenticeship, which includes terms and conditions for the qualification, recruitment, selection, employment, and training of apprentices, including the requirement for a written apprenticeship agreement.

  • Application Program means a computer program which is intended to be executed for the purpose of performing useful work for the user of the information being processed. Application programs are developed or otherwise acquired by the user of the Hardware/Software system, but they may be supplied by the Contractor.

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  • Number of Students Who Began the Program means the number of students who began a program who were scheduled to complete the program within 100% of the published program length within the reporting calendar year and excludes all students who cancelled during the cancellation period.