Are Alaska's 340B Hospitals Putting Profits Over Patients?
The 340B program should help vulnerable Alaska patients. Instead, 340B hospitals, contract pharmacies and PBMs are using the program to earn massive profits at the expense of patients.
Alaska 340B Hospitals in the News
They Were Entitled to Free Care. Then Hospitals Hounded Them to Pay
Nonprofit Providence Alaska Medical Center is getting rich on the health-care crisis
Central Peninsula Hospital sees rapid expansion
Alaska 340B Hospitals by the Numbers
AK 340B hospitals have 59 contracts with 340B pharmacies - 68% with out-of-state pharmacies.
Fairbanks Memorial Hospital has 37 contracts, 84% with out-of-state pharmacies.
69% of AK hospitals provide below-average levels of charity care.
Central Peninsula Hospital devotes just 1.2% of its operating costs to charity care.
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The Providence Alaska Foundation, which includes Providence Alaska Medical Center, earns annual profits of $3 million.
State figures are based on most recent data from PhRMA, Pioneer Institute and ProPublica. Last updated April 2024.
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Data from HRSA Office of Pharmacy Affairs 340B OPAIS Database – Accessed July 2024