CVS Caremark reverses course on planned pay cuts to 340B providers

Modern Healthcare: CVS Caremark wanted to cut its reimbursements to 340B providers and pharmacies. Now it's backpedaling.

In a confidential notice sent Monday to 340B providers and obtained by Modern Healthcare, CVS Caremark said it would not institute a substantial pay cut to 340B pharmacies that was set to start this spring. The pharmacy benefit manager powerhouse's decision not to put payment policy changes in place is a massive win for 340B hospitals.

Read article