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Home > News Room > New Memorial program offers prescription drug savings to patients

New Memorial program offers prescription drug savings

Patients who utilize services at Niagara Falls Memorial Medical Center may be eligible to receive significant savings on their out-of-pocket prescription drug costs under a new Medical Center program.
 
This discount program, authorized under Section 340B of the Public Health Service Act, is effective immediately and is available to any patient who has received qualifying healthcare services on an inpatient or outpatient basis at Memorial Medical Center, its ER1 Emergency Department, The Heart Center of Niagara or the Diabetes Center of Niagara provided they get their prescription filled at The Medicine Shoppe (formerly Pine Pharmacy) in the City Market at 1806 Pine Ave., Niagara Falls.

In general, Memorial patients who stand to benefit will be those who carry health insurance that lacks a prescription drug rider, those who have prescription riders with large deductibles or so-called “doughnut holes” in their coverage, and patients who have no insurance and therefore pay cash for their prescriptions.

In insurance plans with a “doughnut hole” – Medicare Part D, for example – coverage generally ceases after the plan pays a defined amount then ceases until the patient can document thousands of dollars of additional out-of-pocket costs, at which point coverage resumes.

In addition to current patients, eligibility extends to patients who have utilized services at Memorial during the past 12 months.

“The beauty of this new program is it helps the people who need it the most, regardless of their income,” Memorial President & CEO Joseph A. Ruffolo said. “It allows us to pass along the savings we are entitled to when we purchase prescription medications to many of the patients we serve after they leave our hospital.”

Patients who fill two or three prescriptions at a time “could save hundreds of dollars in a single pharmacy visit,” Ruffolo added.

Memorial patients are eligible for the program because the Medical Center is a designated safety net – or disproportionate share – hospital as determined by the federal government.  No other area hospital meets the criteria for program participation, Ruffolo said. 

Only one pharmacy per site may be used to access 340B drug discounts.  Patients may choose to visit any other pharmacy, but if they do, they will not benefit from 340B drug discount pricing.

Memorial asked the Medicine Shoppe to apply as a designated pharmacy because of its proximity to the medical center, its reputation for customer service, the comprehensive list of health care-related services it provides and the large proportion of Memorial patients it already serves.

Ruffolo said an application to add the Summit Healthplex and the Hamilton B. Mizer Primary Care Center as eligible service sites has been filed with the federal government and approval is expected within a matter of days. To learn more, call (716) 278-4899.


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