Hospitals to get new drug payments quicker
Case Management Weekly, September 1, 2004
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The proposed 2005 Outpatient Prospective Payment System (OPPS) will speed access to new treatments and medications, the Centers for Medicare & Medicaid Services (CMS) recently announced. The rule proposes a method for hospitals to receive payment for new drugs and biologicals as soon as the FDA approves them. Hospitals would not have to wait several months until CMS assigns a code and payment rate to receive reimbursement from Medicare.
Source: Pharmacy Regulation Resource, HCPro, Inc., August 2004
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