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CMMI releases three new models aimed at lower generic, novel drug costs

February 14, 2023Garrett SchmittACO care teams, ACO participation, CMMI, CMMS, group practice, MSSP, SDOA, SDOH, SDOHY

The Biden administration rolled out three new payment models intended to lower drug costs, including new Medicare coverage options for drugs cleared under accelerated approval. The release of the three models on Tuesday is in response to an executive order President Biden delivered last year calling for the federal government to search for ways to…

Rising costs, low-value care linked to hospital-employed physicians, studies show

May 5, 2021Garrett SchmittNo CommentsAHA, CMS, group practice, healthcare costs, HHS, low-value care, Medicare claims, Medicare Payment Advisory Commission, physician acquisition, physician employment, physician-hospital integration, physicians, private practice, vertical integration

Healthcare costs and low-value care tend to increase when hospitals acquire physicians, new studies published in Health Affairs show. The number of diagnostic and lab tests performed in hospitals versus unaffiliated facilities increased after doctors were acquired by hospitals, which inflated healthcare costs, according to an analysis of 30 million imaging procedures and 341 million…