How SureCost Empowers Pharmacies to Overcome DIR Fee Challenges
Pharmacy direct and indirect remuneration (DIR) payments for Part D have been finalized by the Centers for Medicare and Medicaid Services (CMS) and will take effect in 2024. Pharmacy benefit managers (PBMs) receive DIR fees from pharmacies in return for access to patients’ prescription medication business. Currently, these charges may be prospective or retrospective. Retrospective DIR costs are paid after the medication is given out. These can be substantial, and in some instances, they have even gone beyond the amount that the pharmacy was reimbursed for the medicine. A final change was published by the CMS to eliminate retroactive DIR fees and mandate that PBMs reflect costs based on the agreed-upon price paid at the time of sale rather than months later. These changes are part of a larger effort by CMS to increase transparency and competition in the prescription drug market.
The Impact of DIR Fee Changes
Pharmacists will experience both positive and negative impacts from these changes. Positively, patients will now have easier access to information on the price of their prescription medications. Therefore, patients will have greater control over their healthcare expenses and find it easier to choose the appropriate treatments for them. Patients will be able to view the full cost of their medications, including any DIR fees, at the moment of purchase. This could lead to increased patient loyalty and satisfaction. Read more >
