CMS Finalizes Policies that Reduce Provider Burden, Lower Drug Prices
Centers for Medicare and Medicaid Services
Nov 2, 2017
The Centers for Medicare and Medicaid Services (CMS) highlights two final rules, to be published in the Federal Register on November 15 and 16th respectively. The 2018 Physician Fee Schedule final rule will modernize the Medicare payment system to create greater competition in the biopharmaceutical market to lower costs. The Quality Payment Program final rule allows clinicians in small and rural practices to join together and share the responsibility of participating in value-based payments. This rule also decreases the number of clinicians required to participate, provides additional detail on clinician participation in Advanced Alternative Payment Models (APMs), and includes a new hardship exception for small practices affected by the recent hurricanes.
Healthcare quality · Medicare · Pharmacy and prescription drugs · Policy · Reimbursement and payment models