Healthcare
340B Drug Pricing Program Savings
Recording the purchase of outpatient drugs at a significant federal discount.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Pharmacy Inventory | Asset (+) | 400.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 400.00 |
💡 Accountant's Note
The 340B program allows safety-net hospitals to buy drugs at steep discounts. When these are sold at normal insurance rates, the hospital captures a high margin to fund charity care.
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