Curated News
By: NewsRamp Editorial Staff
December 17, 2024

ADAP Advocacy Launches Interactive 340B Map to Highlight Program Impact

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Source News Release

TLDR

  • ADAP Advocacy's 340B Map reveals how big hospital systems and service providers have benefited financially from the program, giving them a competitive advantage.
  • The 340B Map is an interactive tool that shows the financial impact and changes in charity care percentages for hospitals participating in the 340B Drug Pricing Program.
  • ADAP Advocacy's focus on incentivizing smaller, community-based providers aims to increase patient access to care, benefiting patients with chronic illnesses and rare diseases.
  • The 340B Map provides a new way for patients to monitor the impact of the 340B Program in their local communities, empowering them with valuable insights.

Impact - Why it Matters

This news matters as it sheds light on the financial impact of the 340B Drug Pricing Program on healthcare providers and the declining charity care provided to patients. The interactive map empowers patients to monitor the program's effects in their communities and advocates for prioritizing smaller, community-based providers to increase patient access to care.

Summary

ADAP Advocacy has launched a patient-centric interactive digital mapping tool as part of its 340B Project, highlighting the impact of the 340B Drug Pricing Program on covered entities and hospitals. The tool emphasizes the increase in revenues and executive compensation for those participating in the program, as well as the decline in uncompensated charity care despite rising patient medical debt. ADAP Advocacy's CEO, Brandon M. Macsata, stressed the importance of the tool in empowering patients to monitor the program's effects in their local communities and to prioritize smaller, community-based providers to increase patient access to care.

Source Statement

This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, ADAP Advocacy Launches Interactive 340B Map to Highlight Program Impact

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