Cost of Drugs are Twice as High at Hospitals - ECHO Associates

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EASTERN CONNECTICUT HEMATOLOGY & ONCOLOGY ASSOCIATES

Cost of Drugs are Twice as High at Hospitals

As an independent, private practice, ECHO is proud to deliver the highest quality care in a cost-effective manner. One of the ways we do this with the cost of medications, including chemotherapy and infusions. Take the recent study below that was published in Health Affairs: Price Differences To Insurers For Infused Cancer Drugs In Hospital Outpatient Departments And Physician Offices

The study found that the prices paid by Blue Cross Blue Shield health plans in hospital outpatient departments were DOUBLE those paid in physician offices for biologics, chemotherapies, and other infused cancer drugs (99–104 percent higher) and for infused hormonal therapies (68 percent higher).

Shifting cancer infusion care to nonhospital settings, provides a large cost savings to insurers that can translate into big cost savings for patients.