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Health gains from increased treatments can impact patient, payor costs
Providers who treat patients with cancer have a monumental task of staying up to date on new therapy regimens. Each year additional treatments fill the pipeline — 20 new oncology drugs were approved in 2020 alone.
Yet managing oncology remains a top challenge in health care. Cancer is the second leading cause of death in the United States.
Each cancer treatment journey is unique to the individual due to customized disease management. The array of oncology treatments, such as chemotherapy — infusion or oral drugs, radiation, targeted drug therapy and surgery, plus managing any preexisting conditions, adds layers of complexity to the journey. More difficulties occur when complications arise from the type of cancer, the stage of diagnosis, the treatment regimen, the patient's response to treatment or even the patient's ability to afford treatments.
Health plans and payors must support balance and help manage all aspects of the disease while trying to manage costs. Along the way, patient cost concerns and therapy complications may unintentionally create gaps in cancer care.
It is imperative to work together to lessen this financial toxicity for all stakeholders.
This includes supporting each treatment stage and the providers selecting those treatments to help manage costs and eliminate waste throughout, while moving patients to high-quality, lower-cost sites of care. We recommend applying preferred drug strategies across benefits and site-of-care optimization.
Patients require care coordination as they navigate this disease and its complex treatments. Frequent touchpoints and data sharing can drive better patient outcomes and experience as well as cost savings.
Comprehensive care management should be introduced even before a patient's first treatment to establish an early, strong relationship that supports patient decision-making and access to resources. This care also helps patients navigate through the disease journey, including post-acute and supportive care options. Establishing an advance directive early can help reduce financial toxicity; in fact, according to National Center for Biotechnology Information, $2,280 savings per patient are associated with establishing early supportive care.
Designing and implementing the right strategies to support oncology helps lessen the financial burden, while helping manage the complicated cancer journey.