tci Part B Insider - 2004 Issue 29

Oncology: Last, Best Hope For Avoiding Cancer Cuts: Coding Changes

 ASCO hopes AMA, CMS adopt new codes to save oncologistsTime is running out for oncologists to avoid a staggering cut to their reimbursement for chemotherapy drugs and administration next January. Oncologists will face serious cuts from more than one direction. Cancer drugs are facing steep cuts across the board in the transition from 85 percent of average wholesale price to average sales price plus 6 percent. Also, a transitional add-on to administrative payments will drop from 32 percent to 3 percent. The American Society for Clinical Oncology still hopes a legislative fix may prevent this nightmare...

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