340B Drug Discount Program

The 340B prescription drug program is a vital lifeline for safety-net providers, supporting critical health services in our communities. The program is narrowly tailored to reach only hospitals that provide a high level of services to low-income individuals or that serve isolated rural communities. Savings from the 340B program help hospitals meet the healthcare needs of underserved patients across the country. As a qualifying hospital, Miami Valley Hospital realized more than $7 million in savings in 2018 alone – savings that contributed to the hospital’s commitment to the community.

These programs traditionally have included the Genesis Project, which strengthened neighborhoods near the hospital, and also include new initiatives such as the “Gem City Market” to combat a food desert, “Homefull” to get a Mobile Grocery up and running, a community Paramedicine Program and Barbershop initiative,  all seek to head off health problems for people who live in communities served by the hospital. Eliminating 340B savings would undermine not only the hospital’s community benefit programs, but also its ability to provide care without regard for a patient’s ability to pay.

Miami Valley Hospital’s Commitment to the Community

Miami Valley Hospital shares the vision, and conducts its operations, in accordance with the Premier Health’s Mission statement, “We will build healthier communities with others who share our commitment to provide high-quality, cost-competitive health care services.”  The 340B program at Miami Valley Hospital offers us the opportunity to continue to focus on community health with the savings from the program. 

A community health improvement plan has been developed both from the system perspective and by Miami Valley Hospital for the specific population we service.  There are four priority areas identified:

  • Overdose / Substance Abuse
  • Birth Outcomes
  • Hunger / Food Insecurity
  • Physical Literacy – Chronic Disease

Miami Valley Hospital is committed to addressing these issues and continuing to strive toward building healthier communities.

In 2018 Miami Valley Hospital saved approximately $7.1 million by participating in the 340B program.  In 2018, Miami Valley Hospital incurred costs of over $236.7 million for community services, uncompensated care and contributions.  Of the $236.7 million, $17 million was in Charity Care.  Miami Valley Hospital utilized the 340B program savings to offset some of the hospital Charity Care of $17 million provided in 2018.