340B Good Stewardship Principles Program

OU Medicine is proud to participate in the 340B Good Stewardship Principles program.

The 340B drug pricing program has been critical in helping hospitals expand access to comprehensive health services, including lifesaving prescription drugs. The program enables participating hospitals that care for their communities, including many low-income and uninsured patients, to purchase certain outpatient drugs at discounted prices. The savings from these discounts allow hospitals to provide an expanded range of health services to these vulnerable patients and communities. Examples of the health services 340B can make possible include community outreach programs, cancer treatment, and preventive care.

Hospitals have been able to demonstrate that the 340B program is working as Congress intended, “to stretch scarce Federal resources as far as possible, reaching more eligible patients, and providing more comprehensive services.” Policymakers and other stakeholders have suggested that more could be done to communicate the vital work this program supports and why it is so important to patients and communities across the nation.

OU Medicine agrees, and we are committed to doing our part to share the good work 340B supports. We have made a commitment to the American Hospital Association-led initiative, “the 340B Good Stewardship Principles.”

The good stewardship principles call for:

  • Communicating the value of the 340B program
  • Disclosing 340B estimated savings
  • Continuing rigorous internal oversight

In addition to the AHA, these principles have been endorsed by America’s Essential Hospitals, the Association of American Medical Colleges, the Catholic Health Association of the United States, the Children’s Hospital Association, and 340B Health.

As OU Medicine completes our first year of involvement with the 340B program, we look forward to posting information on each of the three principles in the coming months.