The new Oncology Care Model from CMS officially started last month, with its aim to standardize care and move from fee-from-service payment systems to value-based ones.
According to Health and Human Services Secretary Sylvia M. Burwell, the new model enables greater collaboration and information-sharing, so patients get only the care they need at just when they need it:
The OCM encourages greater collaboration and information sharing so that cancer patients get the care they need. This patient-centered care model furthers the goal of the Vice President’s Cancer Moonshot to improve coordination, care, and outcomes while spending dollars more wisely.
Participating providers, such as the Bon Secours St. Francis Cancer Center, will be rewarded for reduced costs generated through care coordination and being more proactive in a patient’s care plan. Providers are hopeful that demonstrated cost-savings through this program will embolden doctors to fight for lower pharmaceutical costs.