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With so much to handle, many oncologists are planning to sell off their practice to hospitals. 
According to Community Oncology Alliance, since 2007, approximately 400 oncology practices have been bought by hospitals or formed financial arrangements with hospitals across the country
This trend started due to the Medicare Modernization Act of 2003 under which, Medicare reimbursement to private doctors for cancer drugs was reduced by the Congress. Even private insurers cut their reimbursement as a result of this act.
With the decline in reimbursement for cancer drugs for private oncologists, it became difficult for providers to stay independent. This payment cut coupled with reforms and oncology billing challenges are forcing many private oncology practices to get a job in a hospital. www.medicalbillersandcoders.com Copyright Š-2013 MBC. All Rights Reserved.
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