The American Society of Clinical Oncology (ASCO) recently released an update to its Patient-Centered Oncology Payment (PCOP) model, which now reflects lessons learned from previous demonstration programs, and will be improving the quality and delivery of cancer care.
The PCOP model is an alternative payment model designed to support transformation in cancer care delivery and reimbursement while ensuring patients with cancer have access to high-quality, high-value care.
ASCO's oncology-specific model is used to confront care delivery challenges in an increasingly complex medical specialty. It addresses an array of pressures facing cancer care, including the growing financial burden on patients and families and increasing administrative burdens on practices as a result of expanding utilization management requirements, according to a release.
There is currently a PCOP pilot in New Mexico.
The PCOP update comes after more than five years of work by ASCO volunteer groups, including leading medical oncologists from diverse practice settings, seasoned practice administrators, payer representatives, and experts in physician payment and business analysis.