Overview
What is 340B Health?
340B Health is a Washington D.C.-based nonprofit organization that assists hospitals, health systems, pharmacies, and others in understanding and complying with the requirements of the 340B Drug Pricing Program. Through annual national conferences, webinars, online tools, and resources, as well as one-on-one technical assistance, 340B Health educates and advocates for eligible hospitals to enhance the affordability and accessibility of healthcare for patients, particularly those with low incomes and living in rural communities. Established in 1993, 340B Health represents a diverse range of member hospitals, from large academic medical centers to small rural community-based facilities, and aims to help these institutions fulfill their mission to provide care for underserved populations. The organization requires drug manufacturers to provide outpatient drugs at reduced prices to eligible healthcare organizations that serve a significant number of patients with low income and/or rural patient populations. With a workforce of around 31 employees, 340B Health is the leading advocate and resource for hospitals participating in the federal 340B program.
Official website here: www.340bhealth.org
Is 340B Health legitimate?
340B Health is a legitimate nonprofit organization registered as a 501(c)(6) entity. 340B Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,150,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,658,016
For more financial information, click here
What is the mission statement of 340B Health?
340B Health is a leading advocate and resource for hospitals eligible to participate in the Federal 340B Drug Pricing Program. Their mission is to increase the affordability and accessibility of healthcare for patients, particularly those with low incomes and those residing in rural communities. The organization was formed in 1993 and includes some of the nation's largest non-profit academic medical centers and smallest rural community-based facilities. Eligible hospitals, clinics, and health centers receive reduced-priced outpatient drugs from drug manufacturers to serve large numbers of patients with low-income and rural populations. 340B Health educates and advocates for these institutions to help ensure they can continue to provide essential care to their communities.
Official website here: www.340bhealth.org
Who is the CEO of 340B Health?
Maureen Testoni is the Chair Elect (Beg 5/22) of 340B Health. The CEO's salary of 340B Health is $636,870 and their total compensation is $800,896.
Official website here: www.340bhealth.org
What is the revenue of 340B Health?
Who are the executives of 340B Health and what are their salaries?
The average compensation at 340B Health during 2022 was $155,112. There are 31 employees and 20 volunteers at 340B Health.
Here are 29 key members and their salaries (340B Health's CEO's salary is $636,870 and their total compensation is $800,896):
- Maureen Testoni (President & Ceo)
- Richard Sorian (Senior Vp, Communications)
- Steven Miller (Vp Of Pharmacy Servi)
- Caroline Steinberg (Vp Of Research And Policy)
- Christopher Crosswhite (Svp Legal And Policy)
- Patrick Mcgary (Svp Operations)
- Gregory Doggett (Vp Legal & Policy Counsel)
- Miriam Lasar (Former Officer)
- Kathryn Dibitetto (Former Key Employee)
- Karen L Bowling Fache Cfnp (Chair Elect (Beg 5/22)) [Trustee/Director]
- Jesse Breidenbach Pharmd (Director)
- Sandra F Durley Pharmd (Director)
- Beth Feldpush Drph (Director)
- Nicholas R Gnadt Pharmd (Director)
- Tim Maurice (Director (Until 3/22))
- Rosland Fisher Mcleod (Director)
- Paul Mollo Pharmd (Director)
- Charlton Park (Treasurer (Begin 7/22)) [Trustee/Director]
- Matthew J Perry (Secretary (Begin 5/22)) [Trustee/Director]
- Nicole Shoquist Pharmd (Director (Until 9/22))
- Terry Andrus (Treasurer (Until 7/22)) [Trustee/Director]
- Mary Edwards (Secretary (Until 5/22)) [Trustee/Director]
- Patricia Vilt (Chair) [Trustee/Director]
- Sherrie Williams Md (Immediate Past Chair (Until 6/22)) [Trustee/Director]
- Tim Lynch (Director (Begin 12/22))
- Ali Santore (Director (Begin 5/22))
- Onisis Stefas (Director (Begin 5/22))
- Meetali Desai (Director (Begin 12/22))
- Sumona Dasgupta (Director (Begin 5/22))
Official website here: www.340bhealth.org
Where can I find the form 990 for 340B Health?
The 340B Health’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.340bhealth.org
Learn more at the official website: www.340bhealth.org
Mission Statement of 340B Health
340B Health is a leading advocate and resource for hospitals eligible to participate in the Federal 340B Drug Pricing Program. This nonprofit organization, established in 1993, aims to increase the affordability and accessibility of healthcare for patients in need, particularly those with low incomes and those living in rural communities. 340B Health educates and advocates for hospitals to maximize the benefits of this program, which requires drug manufacturers to provide outpatient drugs at reduced prices to eligible healthcare facilities.
Hospitals comprising the 340B Health membership span from some of the nation's largest non-profit academic medical centers to smaller rural community-based facilities. These hospitals play a crucial role in providing care for a significant number of patients with low-income backgrounds and rural populations. By advocating for their interests and facilitating the implementation of the 340B Program, 340B Health ensures these institutions can continue to fulfill their mission and serve their communities effectively.
The 340B Program is an essential tool for these hospitals in ensuring the financial sustainability of their outpatient drug programs and maintaining their ability to offer affordable healthcare services to their patient base. 340B Health's advocacy and educational efforts allow member hospitals to navigate the complexities of the program and optimize their savings to reinvest in their mission of providing quality healthcare to underserved populations.
Impact
This information is meant to be a general summary of 340B Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
340B Health's impact lies in its crucial role in assisting hospitals to fulfill their mission of providing care for patients with low incomes and those living in rural communities. By serving as the leading advocate and resource for hospitals participating in the federal 340B Drug Pricing Program, 340B Health plays a significant role in increasing the affordability and accessibility of healthcare for those in need, particularly underserved populations.
Through its education initiatives, including national conferences, webinars, online tools, and one-on-one technical assistance, 340B Health helps hospitals, health systems, pharmacies, and others understand the requirements of the 340B program and ensure compliance with its rules and regulations. By keeping its members informed about legislative and regulatory changes related to 340B, the organization enables stakeholders to navigate the complexities of the program effectively.
With member hospitals ranging from non-profit academic medical centers to small rural facilities, 340B Health's impact extends across diverse healthcare settings, ultimately benefiting a wide range of patients in need. In essence, the organization's efforts contribute to improving community health outcomes by supporting hospitals in delivering essential care to vulnerable populations.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$6,145,974
CONFERENCES
Revenue
$4,518,411
CORPORATE PARTNERS
Revenue
$1,638,950
PUBLIC RELATIONS
Revenue
$371,000
WEBINARS
Revenue
$17,770
Organization Details
Founding Year
2006
Phone
(202) 552-5850
Principal Officer
Maureen Testoni
Main Address
1101 15TH STREET NW 910, WASHINGTON, DC, 20005
Website
www.340bhealth.org
NTEE Category
Code: S41 - Community improvement
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