The Hospital CFO’s Perspective on 340B

This week, we are joined by Tim Maurice, chief financial officer for UC Davis Health. Tim discusses how hospital finance teams support 340B and how they work together with hospital departments to provide the resources for health care services that patients need. Prior to the interview, we share a news update on an eighth drug manufacturer that plans to deny 340B discounts on drugs dispensed at community pharmacies. How Health System Finances Have Changed Over the YearsHealth system finances have drastically changed over the years. Tim shares how UC Davis has responded to these changes, explains the financial challenges caused by COVID-19, and discusses how 340B eases the financial burden for safety-net hospitals both during a public health emergency and in regular times.   Finance Departments Support Improved Patient CareFinance departments ensure that providers and patients receive adequate resources. Tim explains how this responsibility is constantly focused on improving patient care. The CFO’s office collaborates with hospital departments to determine which services the community needs. Tim provides an example of this at UC Davis and what providers who have a new idea for a health care service should do to collaborate with the finance department to develop a robust plan that takes 340B into consideration.   Participating in Associations Tim is a member of 340B Health’s Board of Directors, a member of the California Association of Public Hospitals and Health Systems board and is in a leadership role with America’s Essential Hospitals.  He explains how becoming active in associations helps 340B professionals in their own careers and in advocating for the health care safety net.  Check out all of our episodes on the 340B Insight podcast website. You also can stay updated on all 340B Health news and information by visiting our homepage. If you have any questions you’d like us to cover in this podcast, email us at [email protected] Merck Plan to Withhold 340B Discounts Adds to Threat to Diabetes PatientsHospital and Pharmacist Groups Urge Court to Reject United Therapeutics’ Arguments in Community Pharmacy Case 340B Health Upcoming Webinars Tim Maurice Bio