The American Hospital Association (AHA) announced last week that it will publicly release the names of hospitals that have signed its 340B Good Stewardship Principles by Oct. 18. CHA encourages any 340B covered entity that has not yet signed on to the principles to join the more than 85% of California 340B hospitals already committed to them.
It is vital for all 340B hospitals to voluntarily commit to increased 340B transparency. Opponents of the program often point to transparency concerns as a reason to make major and harmful changes. By committing to these principles, hospitals can take an important step toward dispelling the false claims that the 340B program isn’t fulfilling its mission to help eligible hospitals expand access to lifesaving prescription drugs and comprehensive health care services in vulnerable communities.
AHA’s website offers a number of resources to help hospitals tell their stories and determine their savings. In addition, AHA has provided talking points for use with community members and the media, who may ask questions about the principles.