SUBJECT
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A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager to accept additional funds from the Health Resources & Services Administration 340B Drug Pricing Reimbursement Program, in the additional amount of $199,362.00, for a total amount of $499,362.00 with no match for the City of Laredo Public Health Department for the term period from October 01, 2023 through September 30, 2025. Funds will be accounted for in the Laredo Public Health Department Fund - STD 340B Program.
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PREVIOUS COUNCIL ACTION
On August 05, 2024, Council approved Ordinance 2024-O-154.
BACKGROUND
The Health Resources & Services Administration (HRSA) 340B Program enables covered entities to stretch scarce federal resources as far as possible, reaching more eligible patients and providing more comprehensive services. Eligible health care organizations/covered entities are defined in statute and include HRSA-supported health centers and look-alikes, Ryan White clinics and State AIDS Drug Assistance programs. To participate in the 340B Program, eligible organizations and covered entities must register and be enrolled with the 340B program and comply with all 340B Program requirements. Once enrolled, covered entities are assigned a 340B identification number that vendors verify before allowing an organization to purchase 340B discounted drugs, expanding pharmaceutical access to underserved, uninsured, and low-income populations.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
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Staff recommends that Council approves the Resolution.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: STD 340B
Account #: 226-6515
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
The revenue account 226-0000-373-2080 and the expenditure division is 226-6515 with Project Number HEMR01.