Interested in training for your team? Click here to learn more

Inflation Reduction Act's Medicare Prescription Payment Plan: New CMS Guidance

Navigating New Pharmacy Processes and Implications for Reimbursement

This program is cancelled

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Wednesday, May 1, 2024 (in 3 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT


This CLE will provide guidance to healthcare counsel on the Inflation Reduction Act's (IRA) Medicare Prescription Payment Plan. The panel will examine the new CMS guidance as well as the operational changes and requirements necessary to implement the changes. The panel will also discuss the potential implications for reimbursement and offer best practices for implementing the changes.

Description

In 2023, CMS issued the first of two guidance documents for implementing the IRA's Medicare Prescription Payment Plan. Starting in 2025, the Medicare Prescription Payment Plan will require all Medicare prescription drug plans to offer Part D enrollees the option to pay out-of-pocket drug costs in monthly installments. The goal of the IRA's Payment Plan is to cut prescription drug costs through changes to reimbursement rates and pharmacy processes.

In early 2024, CMS provided additional guidance on implementation, including the education requirements that Part D plans must meet. Part D plans must put in place the necessary processes with all the pharmacies in their network. Pharmacies need to understand how the plan works and consider the implications the plan may have on reimbursement and sponsor relationships.

Listen as our authoritative panel of healthcare attorneys examines the CMS guidance, operational changes, and requirements necessary to implement the changes. The panel will also discuss the potential implications for reimbursement and offer best practices for implementing the changes.

READ MORE

Outline

  1. CMS guidance
  2. Plan requirements and implementation
  3. Potential implications for reimbursement
  4. Best practices

Benefits

The panel will review these and other key considerations:

  • What guidance has been provided as to how the payment plan works?
  • What parameters does the guidance place on sponsors to effectuate new processes?
  • What impact may the IRA Payment Plan have on reimbursement?

Faculty

Gennett, Michael
Michael P. Gennett

Shareholder
Polsinelli

Mr. Gennett is a healthcare regulatory attorney with 25 years of experience representing healthcare providers. He...  |  Read More

Hendrickson, Mary
Mary L. Hendrickson

Special Counsel
Foley & Lardner

Ms. Hendrickson draws on her years of in-house experience to help clients navigate regulatory laws and compliance...  |  Read More

Loughran, Matthew
Matthew K. Loughran

Health Policy Analyst
Reed Smith

Mr. Loughran monitors federal and state policy developments coming out of CMS, OIG, HHS, FDA and other federal and...  |  Read More