Private oncologists forced to sell, close their practices

Laura Pedulli | | Health Exec | Economics

 

Private oncologists are being forced to sell or close their practices because insurers have severely reduced payments to them and because the drugs they prescribe patients are now so expensive, reports The New York Times.

For one cancer specialist, payments had gotten so low that the only way he could have stayed independent was to work for free. However, when a doctor is affiliated with a hospital, patients end up paying more out of pocket, and many cancer patients receive multiple drugs, according to the article.

Read more below:

Private Oncologists Being Forced Out, Leaving Patients to Face Higher Bills

Laura Pedulli

Related Content

Merck spends up to $2B to license new weight loss drug with potential heart benefits
Insulet wins $452M in lawsuit against rivals over medical device trade secrets
Medical device company cuts 70% of staff in push to meet Medtronic obligations
Cleerly’s momentum continues as AI specialists raise $106M
Operations manager, doctors charged in $70M imaging kickback scheme
Private-equity watchdog warns against nominating Marc Rowan as Treasury Secretary

Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.