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Topic: Part D
Where has the summer gone? When you get your formulary submission approval email, you breathe a sigh of relief and can relax for…a second. It’s time to start planning for Part D Readiness and Benefit Administration testing so when November 15 arrives, you are well on your way to having those completed.
The Centers for Medicare & Medicaid Services (CMS) held their Fall Conference and Webcast on September 10 in Baltimore. The presentations and videos from the event are found on the Compliance Training, Education & Outreach site here. CMS covered various aspects of the Medicare Advantage Prescription Drug (MA-PD) program, but here I’ve focused on four lessons I heard loud and clear: work with CMS, prepare ahead of time, seek continuous improvement, and don’t wait until the last minute.
The Part C and Part D Reporting Requirements and Supporting Regulations were posted in the PRA Listing on August 24th for review and 30-day comment. Since we are still in this window, this is a great opportunity for Compliance and Operations to review these together. To follow are Part C highlights that merit your attention.
The Centers for Medicare & Medicaid Services (CMS) recently released an updated version of the Contract Year 2015 Part D Reporting Requirements Technical Specifications.
Today, most employees and employers in all organizations struggle to do more with less…not just health plans.
The pessimist complains about the wind. The optimist expects it to change. The realist adjusts the sail. -William A. Ward
Now that the smoke has cleared and the ink is dry on the formulary/transition and bid submissions, it’s okay for plans to breathe for a couple of weeks. Then—if you’re implementing a new Pharmacy Benefit Manager (PBM)—it’s time to roll up your sleeves and get started with conceptualizing and developing a road map for the next six months. It’s important to start early and work steadily to make decisions, create processes, and complete training. During this time, you must continue to partner with your current PBM to process claims, make coverage determinations, and oversee and monitor all the delegated functions according to the plan you have in place. With the new PBM, you have the opportunity to tweak some processes that perhaps weren’t working exactly as you had envisioned originally.