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Thomson Reuters Offers Average Wholesale Pricing Information for Workers' Compensation Drug Claims

Posted on: Tuesday, 9 June 2009, 15:47 CDT

RED BOOK(TM) Delivers AWP to Support CMS Pricing for Workers' Compensation Medicare Set-Aside Arrangement Proposals

ANN ARBOR, Mich., June 9 /PRNewswire/ -- The Centers for Medicare & Medicaid Services (CMS) recently announced that, effective June 1, it will independently price prescription drug costs in Workers' Compensation Medicare Set-Aside Arrangement (WCMSA) proposals. When an injury covered by workers' compensation warrants prescription drugs for ongoing treatment, CMS' pricing will be calculated using average wholesale price (AWP). CMS will not use or recognize any other pricing, discounting, or calculation methods.

Thomson Reuters offers AWP through its RED BOOK to support determination of pricing for prescription drugs for treatment of injuries in workers' compensation cases. The RED BOOK policy and methodology for AWP have been consistent for over six years, providing a trusted source to support CMS pricing for WCMSA proposals.

RED BOOK covers current drug pricing and product information in a single source that is continuously updated to reflect recent price changes and new product information. Obtaining pricing and product information from one comprehensive source reduces the need to conduct redundant searches and simplifies identification, analysis, and comparison of drug and non-drug products. Available through multiple delivery options, including flat files for system integration or CD-ROM, RED BOOK helps quickly answer drug-related questions with information on prescription and over-the-counter drugs, nutraceuticals, bulk chemicals, and non-drug items.

About Thomson Reuters

The Healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to www.thomsonreuters.com.

SOURCE Thomson Reuters

Source: PR Newswire

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