CMW News: Health insurance companies urge physicians to prescribe generic drugs
Case Management Weekly, November 5, 2008
Want to receive articles like this one in your inbox? Subscribe to Case Management Weekly!
In the past, drug companies have been criticized for encouraging physicians to prescribe their drugs to patients by offering free samples and monetary incentives to physicians. Now, it seems, the reverse is happening.
Some health insurance companies are offering physicians a portion of the savings they get each year when patients use generic drugs instead of their brand-name counterparts, according to The Houston Chronicle. Small savings, such as 50 cents per patient, per month, could add up to thousands of dollars yearly.
Several states are looking to regulate relationships between physicians and insurance companies to make sure the medication prescribed is in the best interest of the patient.
The American Medical Association warned last year that the bonuses physicians received from insurance companies were much like kickbacks, and physicians who accepted a bonus for switching a patient from a brand name to a generic medication could face criminal and civil liability.
Source: The Houston Chronicle
Want to receive articles like this one in your inbox? Subscribe to Case Management Weekly!
Comments
0 comments on “CMW News: Health insurance companies urge physicians to prescribe generic drugs ”
Related Products
-
Billing Alert for Long-Term Care
It's essential to know how to correctly submit your Medicare claims in order to get the reimbursement your facility...
-
Case Management Weekly
Case Management Weekly is a free e-mail newsletter that offers news, resources, and Q&As to help case managers from all...
-
Case Management Monthly
This newsletter offers case studies, best practices, and how-to analysis to help case managers move patients through the...
-
Coding and Billing for Outpatient Rehab Made Easy:
Take the confusion out of coding and billing for outpatient rehab and ensure you receive accurate reimbursement for the...
-
Core Skills for Hospital Case Managers:
A guide to fundamental case management responsibilities, Core Skills for Hospital Case Managers serves as a training...
Most Popular
- Articles
-
- HIPAA Q&A: Flu shot requirement for hospital employees
- HealthDataInsights posts new issues for medical necessity claims
- Running an effective peer review committee meeting
- Q&A: Incidental disclosures and patient privacy
- New FAQ posted on storing laryngoscope blades
- Sneak Peek: Effort underway to establish caseload benchmarks
- Tip: Perform your own internal investigation prior to government audit
- What does case-mix index mean to you?
- HIPAA 5010 deadline extended, but threat remains, says AMA
- HHS task force: Consider privacy, security with text messages
- E-mailed
-
- Running an effective peer review committee meeting
- HIPAA Q&A: Flu shot requirement for hospital employees
- What does case-mix index mean to you?
- HHS task force: Consider privacy, security with text messages
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Tip: Correctly code bilateral pain management procedures
- 2012 CPT code changes for ASCs: Shoulder and knee scopes and pain management
- COT basics to best
- Documentation and coding for toxic metabolic encephalopathy
- Guidance and tact key to compliant, effective physician queries
- Searched