The Centers for Medicare & Medicaid Services (CMS) has issued revised instructions and templates for prescription drug data collection (RxDC) reporting for 2023, required under the Consolidated Appropriations Act, 2021 (CAA). The RxDC reporting deadline for the 2023 reference year is June 1, 2024.
As background, insurance companies and employer-sponsored group health plans must annually submit information about prescription drugs and healthcare spending to CMS.
Following are some key changes in the 2023 RxDC reporting instructions:
Employer plan sponsors will want to make sure that they and their third-party administrators, pharmacy benefit managers and carriers are using the revised reporting instructions when completing the RxDC reporting for the 2023 reference year.