tci Part B Insider - 2004 Issue 35

Local Papers Warn Of Cancer Patient Exodus To Hospitals

Cuts to cancer drug payments next year could force Euclid, OH oncologist David Fishman to cover $400,000 worth of drug costs out of pocket, he told Crain's Cleveland Business. And local oncologists predicted a mass exodus of patients back to the hospital in interviews with the Baton Rouge, LA Advocate.According to the Crain's article, roughly 80 percent of chemotherapy treatments now happen in a physician's office, but this situation may change drastically next January. Fishman told Crain's he's considering no longer accepting Medicare patients.Many oncologists may leave practice altogether, predicted Derek Raghavan, chairman and director of...

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