An additional election period for physicians who are not currently participating in the Part B Competitive Acquisition Program (CAP) is underway. The CAP is an alternative to the Average Sales Price (ASP) method of acquiring many drugs and biologicals administered incident to a physician’s services.
The additional election period started on May 1, 2007, and ends June 15, 2007. Effective dates for physicians who elect to participate during this period will be from August 1, 2007, through December 31, 2007. Please note that this physician election period is only for new CAP elections and that it is not necessary to renew CAP election at this time. Requests for termination from the program are not being accepted during this election period.For more information, visit the CMS CAP website.