Northern Light Health Joins Good Stewardship Program
Northern Light Health joins the American Hospital Association 340B Hospital Commitment to Good Stewardship Principles Program
Section 340B of the Public Health Service Act requires pharmaceutical manufacturers participating in the Medicaid drug rebate program to sell outpatient drugs at discounted prices to taxpayer-supported healthcare facilities that care for uninsured and low-income people. In its more than 25-year history, the 340B program has been critical in helping hospitals expand access to lifesaving prescription drugs and comprehensive healthcare services in vulnerable communities across the country.
Northern Light Health Section 340B covered entities include Northern Light AR Gould Hospital, Northern Light Eastern Maine Medical Center, Northern Light Inland Hospital, Northern Light Blue Hill Hospital, Northern Light CA Dean Hospital, and Northern Light Sebasticook Valley Hospital.
Earlier this year, the AHA board appointed a 340B task force to develop a national framework outlining good stewardship of the 340B program. Michelle Hood, president and CEO, Northern Light Health, served on the national task force representing the outstanding work of Northern Light Health 340B hospitals. Hood shares, “Today, Northern Light Health joins hospitals across the country in signing onto the AHA 340B Stewardship Principles Program. This new AHA-led initiative will strengthen the 340B program by increasing transparency while helping 340B hospitals better communicate the immense value of the program for vulnerable patients and communities.”
The 340B program helps provide a range of healthcare services to Maine’s underserved and uninsured patients and communities. Providing good stewardship of 340B will help ensure that participating hospitals can offer these comprehensive services that expand patient access to care.
The following principles serve as the foundation for every 340B hospitals’ good stewardship of the program:
Communicating the value of the 340B program on an annual basis describing how the 340B savings benefit the community
Disclosing hospital 340B estimated savings on an annual basis calculated using a standardized method
Commitment to performing rigorous internal oversight and reviews to ensure that the hospital 340B program meets HRSA program rules and guidance
With official endorsement of the 340B Stewardship Principles program, Hood, commented, “The 340B program helps provide a range of healthcare services to Maine’s underserved and uninsured patients and communities. Providing good stewardship of 340B will help ensure that participating hospitals can offer these comprehensive services that expand patient access to care.”
Learn more about the American Hospital Association 340B Stewardship Principles Program