The Stead Health Group, Inc. - ASP Payment decreased Part B Costs by $800M

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The Stead Health Group has expertise in Health Care Communication Transformations, Operations Improvement, Strategic Planning and Positioning, Financial Analysis and Turnaround, Program and Service Line Development, Facility Planning and Development. We apply strategy, customized to each client, resulting in tangible, bottom-line financial improvements.

Newsflash

Legislatures in 38 states introduced 121 bills aimed at promoting healthcare information technology in 2005 and 2006, including 36 bills in 24 states that passed and were signed into law, according to a report released by the eHealth Initiative, a consortium of health plans, healthcare IT vendors, providers, laboratories, pharmaceutical companies, medical-device makers and other healthcare organizations promoting IT use in healthcare.

ASP Payment decreased Part B Costs by $800M

Medicare Payment Advisory Commission (MedPAC) announced that there was a $800M decrease in Part B spending in 2005 as compared to 2004. They attribute this to a shift to an Average Sales Price payment system for physician-administered pharmaceuticals, coupled with declining prescription volumes. One concern raised in their report is that fewer patients have supplemental coverage, particularly in hospital cancer programs. MedPAC report, January 2007

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