OPM May 2012, Vol 2, No 3

Page 1

ONCOLOGY PRACTICE MANAGEMENT ™

PROCESS IMPROVEMENTS TO ENHANCE PATIENT CARE™

www.OncPracticeManagement.com

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efore 2005, the Centers for Medicare & Medicaid Services (CMS) reimbursed physicians for drugs administered in their offices at a percentage of the average wholesale price. In 2005, however, the payment basis was changed to a percentage of a newly created measure, the average sales price. This change resulted in a significant change to the bottom line for all physician practices that administered chemotherapy and other infused drugs. According to the National Practice Benchmark, drug margins dropped from approximately 22% in 2005 to approximately 9% in 2010 (Figure 1).1 Because 65% of all practice revenue is generated Continued on page 8

By Risë Marie Cleland Founder and Chief Executive Officer, Oplinc, Inc

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udits and reviews of medical claims are nothing new. However, we are seeing an unprecedented increase in the number of these audits in the hospital and in the physician practice setting. The increase in audits is directly related to the growing numbers of entities that are auditing medical claims and the increased focus on identifying and preventing overpayments. Public and private payers alike recognize the excellent return on investment

(ROI) of medical claims audit initiatives. Yet, as good as the ROI is on the recovery of overpayments, it is even better if the overpayment can be prevented. Therefore, providers should expect to see more prepayment audits and reviews in the future.

New Tools to Reduce Fraud In fact, provisions in the massive healthcare reform legislation, the Affordable Care Act (ACA), provide Continued on page 11

Evolving Practice Standards for Cancer Programs from the Commission on Cancer By M. Asa Carter, CTR Manager of Accreditation and Standards, Cancer Programs, American College of Surgeons

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hat is the most important challenge faced by a person who is diagnosed with cancer today? Opinions will differ, but most patients want to be assured that they will work with a group of multispecialty physicians who will provide recommendations for care that provide the best possible outcomes, that all options for effective treat-

From the publishers of ©2012 Engage Healthcare Communications, LLC

ment will be available to them, that care will be provided in a safe and Continued on page 18

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By Teri U. Guidi, MBA, FAAMA President and Chief Executive Officer of the Oncology Management Consulting Group, Pipersville, PA

Audits and Reviews of Medical Claims

A g N C ht om to D C PR an mu yo O ce nit u b VI rD y C y t DE ru an he g A Sh cer sso R A or C c C ta en iat C ge te io n r ES s.. s o ..3 f S

Strategies Oncology Practices Should Consider to Stay Afloat

VOLUME 2 • NUMBER 3

PA TIE N Br T ou

MAY 2012


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