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Innovative Approaches by Pharmacists Save Costs at a Comprehensive Cancer Center
Active implementation of cost-saving measures successfully cut down expenditure at the Norris Comprehensive Cancer Center.
In April 2012, the University of Southern California (USC) Norris Comprehensive Cancer Center in Pasadena opened a hospital-based, outpatient oncology infusion center, where clinical pharmacists have been key in developing cost-savings and cost-avoidance initiatives. From formulary management alone, pharmacists have saved close to $550,000 in one year.
Much of the savings were made possible by the infusion center’s designation as a 1206D facility, according to Betty M. Chan, PharmD, BCOP, an assistant professor of clinical pharmacy at Norris. The designation, which is unique to the state of California, exempts hospital-based practices from drug-pricing regulations and other rules that affect physician-based clinics. As a result, facilities with the 1206D designation benefit from improved reimbursement in the outpatient setting, Dr. Chan said. Other advantages include split billing, minimal staffing requirements and shared medical resources between affiliated clinics and hospitals.
Read the report here: http://bit.ly/1pSN0at
Source: Pharmacy Practice News
Navigating Health Policy in an Election Year: Insights From Dr Dennis Scanlon
April 2nd 2024On this episode of Managed Care Cast, we're talking with Dennis Scanlon, PhD, the editor in chief of The American Journal of Accountable Care®, about prior authorization, price transparency, the impact of health policy on the upcoming election, and more.
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Exploring Medicare Advantage Prior Authorization Variations
March 26th 2024On this episode of Managed Care Cast, we're talking with the authors of a study published in the March 2024 issue of The American Journal of Managed Care® about their findings on variations in prior authorization use across Medicare Advantage plans.
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Commonwealth Fund Report Details Pervasive Racial and Ethnic Disparities in US Health Care, Outcomes
April 18th 2024Using 25 health system performance indicators, the Commonwealth Fund 2024 State Health Disparities Report evaluated racial and ethnic disparities in health care and health outcomes both within and across US states and highlighted the urgent need for equitable health care policies and practices in the US.
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The Biden administration recently launched the Global Health Security Strategy, a new effort to combat the spread of infectious diseases; lawmakers zeroed in on the risks of massive consolidation in health care during the first congressional hearing on the Change Healthcare hack; the FDA recently announced the recall of a pair of heart devices linked to numerous deaths and injuries.
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