ZorroCard Roundup (10/21/24)

Hey all,

I hope you got to enjoy the weekend. I was most interested in reading Friday how far developers in California will go to target proponents of rent control: pushing ballot propositions threatening advocates 340B revenue. Enjoy the round up!

Best,

Jacob Brody (Co-Founder & CEO, ZorroCard)

Real Estate Developers target HIV charity’s 340B Revenue (Stat News): Proposition 34 on California’s November ballot would require health facilities to spend 98% of their 340B drug discount program revenue on direct patient care, a policy seen as targeting the AIDS Healthcare Foundation (AHF). AHF uses revenue from its 64 pharmacies, primarily filled with expensive HIV drugs, to support its extensive healthcare and social service network. The ballot measure, backed by apartment builders, follows AHF’s campaigns for rent control. If passed, this aggressive reform could signal broader 340B changes nationally. Full Article.

Retail Pharmacies Reaches A Crossroads (Healthcare Huddle): CVS Health and Walgreens are closing hundreds of stores as they face financial challenges in both pharmacy and primary care sectors. Competition from online retailers like Amazon, along with declining reimbursement rates and post-pandemic consumer behavior, are driving their struggles. While CVS expands into value-based care through acquisitions, Walgreens is scaling back its primary care ventures. These closures risk creating “pharmacy deserts” in underserved communities. For more insights, read the full article: Full Article.

Color Health’s Virtual Cancer Clinic (Fierce Healthcare): Color Health is expanding its virtual cancer clinic, targeting the employer health plan market by offering services from early cancer detection through treatment and survivorship. The platform aims to reduce the high costs of cancer care, which is a significant burden for employers. Color Health’s expansion includes partnerships with over 45 organizations including the American Cancer Society. Full Article.