CMS needs to improve oversight of Medicare Part B drug payment calculations, OIG report finds

(By Jakob Emerson for Becker’s Hospital Review)

CMS needs better strategies to ensure proper oversight of Medicare Part B drug payment calculations, according to a Dec. 3 report from HHS’ Office of the Inspector General.

Medicare members spend about $40 billion every year on Part B prescription drugs and biologicals. CMS uses the manufacturer-reported average sales price for the drug from quarterly sales to calculate provider payments for the drug. Continue reading here…

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