#hospital-finance

#hospital-finance

The 340B program allows hospitals to buy outpatient drugs at steep discounts, with the purported purpose of helping them fund care for low-income and uninsured patients. The now-axed rebate model would have invited drugmakers to participate voluntarily in a rebate-based discount system. Basically, instead of the provider receiving a discount upfront at purchase, the 340B discount would be applied after purchase via rebate - and subject to tedious data submission requirements.

Located in Lone Pine, a town at the base of Mt. Whitney with just 1,300 residents, Southern Inyo Healthcare District is the only hospital within a nearly 60-mile radius. It's the closest stop for injured hikers and dehydrated tourists visiting Whitney or nearby Death Valley, which regularly receives over 1 million visitors per year. Without it there would be a 136-mile stretch between the next closest hospitals in the eastern Sierra Nevada.