Home > Newsletters > The QMN Weekly Bulletin > Report: Physician-Owned Entities Could Reduce Device Implant Prices
The QMN Weekly Bulletin
June 22, 2012 | Vol. 4 No. 25
Report: Physician-Owned Entities Could Reduce Device Implant Prices
Allowing physician-owned entities to purchase surgical implants lowers costs and improves pricing transparency if done correctly, a legal expert maintains. But federal guidance is needed to ensure such businesses comply with Medicare pricing and reimbursement policy.
Writing in the May 23 issue of Food & Drug Policy Forum, Joseph Truhe, senior vice president and general counsel at PDP Holdings in Nashville, Tenn., says guidance could help explain how physician-owned entities might be structured and what features might lead to fraud. At the same time, Congress and the Centers for Medicare & Medicaid Services should work on reforms to make surgical implant pricing more transparent, such as barring confidentiality provisions that prevent negotiation.
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