ISSP model can help payers realize oncology savings of $16.3M for every 10,000 Medicare beneficiaries

New Century Infusion Solutions, Inc. (NCIS), the first Oncology Benefit Management (OBM) company, is pleased to announce the publication of a white paper by the Lewin Group: “Medicare Cancer Care Coordination Using The Integrated Single Specialty Provider (ISSP) Model.” The report estimates that over a 10-year horizon, a payer could realize oncology savings of “$16.3 million for every 10,000 Medicare beneficiaries included in the ISSP arrangement.”

“Applying the model more broadly in the Medicare arena creates particularly large-scale savings opportunities.”

According to Joel Menges, a Lewin Group Managing Director and the report’s lead author, “The Integrated Single Specialty Provider model’s ability to initially hold flat a payer’s outpatient cancer costs creates considerable savings given the sharp trends typically occurring in this sector.” In addition, commented Menges, “Applying the model more broadly in the Medicare arena creates particularly large-scale savings opportunities.”

Chris Nee, PharmD, a founder of New Century Infusion Solutions, said: “The white paper is indicative of the range of oncology savings we’ve provided to various payer groups across the country during the past several years. Since its introduction almost four years ago, the ISSP model has enabled our Medicare, Medicaid and Commercial healthcare clients to shift the cost curve for cancer care and realize ongoing cost reductions while providing evidence-based care.”

The white paper, which was sponsored by New Century Infusion Solutions, was developed by The Lewin Group, a healthcare policy research and management consulting firm. The paper reviews the Integrated Single Specialty Provider (ISSP) approach pioneered by NCIS and estimates the potential cost savings resulting from the application of the ISSP model to the five percent fee-for-service data files available from the Centers for Medicare & Medicaid Services. A copy of the white paper can be found here: http://newcenturyinfusionsolutions.com/content/thought-leadership/48-white-papers/107-lewin-group-nics-integrated-single-specialty-provider.