Survey Says: Cut Consult Codes Undermine Care
When the news was first released that Medicare would no longer cover CPT® consultation codes beginning Jan. 1, the Centers for Medicare & Medicaid Services (CMS) predicted that no specialty would see Medicare revenues decline by more than 3 percent due to the change. Industry stakeholders, however, feared the policy change would force physicians to implement cost-cutting measures that would ultimately undermine care. Now, nearly nine months later, a recent survey supports those fears.
According to a survey of approximately 5,500 physicians conducted by the American Medical Association (AMA) and 17 specialty societies, practices have seen revenue decrease as much as 20 percent in some cases and many physicians have already implemented various cost-cutting measures.
“Thousands of physicians say they have been forced to adopt a number of damaging cost-cutting measures as a result of Medicare discontinuing its use of consultation codes …,” American Medical News reports.
According to the AMA, there are many “unintended consequences” as a result of consult codes no longer being covered by Medicare. To learn more, read the article “Nixed Medicare Consultation Codes Force Doctors to Make Cutbacks” on amednews.com. Survey results are given at the end of the article.