CMS has announced an additional election period for the 2008 Medicare Part B Drug Competitive Acquisition Program (CAP), a voluntary program that offers physicians the option to acquire many injectable and infused drugs from an approved CAP vendor. The election period, which began on Jan. 15, 2008, and will conclude on Feb. 15, 2008, was added because recent changes in the CAP make it more flexible for physicians.
Among other changes to the program, physicians now have up to 30 days to file CAP drug administration claims after administering CAP drugs. Also, participating CAP physicians may now request to leave the CAP under certain circumstances if program participation results in a burden to their practice.
Effective dates of participation for physicians who elect to join the CAP during this additional election period will be April 1, 2008, to Dec. 31, 2008.
