>Doctors should not push vaccines where the get royalties on the vax
PHARMACY Providers get greater reimbursement for COVID-19 vaccine The move is to support actions by hospitals and other entities to expand vaccination efforts.
Medicare is now paying higher reimbursement rates for hospitals, physicians, pharmacies and others to administer the COVID-19 vaccine.
Starting immediately, the Centers for Medicare and Medicaid Services is increasing the Medicare payment amount to $40 to administer each dose of a COVID-19 vaccine. This represents an increase from approximately $28 to $40 to administer a single dose, and an increase from approximately $45 to $80 for the administration of vaccines requiring two doses.
The exact payment rate for administration of each dose of a COVID-19 vaccine will depend on the type of entity that furnishes the service and will be geographically adjusted based on where the service is furnished, CMS said.
WHY THIS MATTERS
At a time when vaccine supply is growing, CMS said it is supporting provider efforts to expand capacity and ensure that all Americans can be vaccinated as soon as possible.
The payment rates reflect new information about the costs involved in administering the vaccine for different types of providers and suppliers and the additional resources necessary to ensure the vaccine is administered safely and appropriately.
The higher payment rate will support actions taken by providers, such as growing existing vaccination sites, conducting patient outreach and education, and hiring additional staff, CMS said.
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