In Billing
Jun 25th, 2010
President Obama signed June 25 a bill that temporarily rescinds the 21.3 percent Medicare pay cut for physicians that went into effect June 1 and replaces it with a 2.2 percent update through Nov. 30. The best part for coders is that claims submitted during June before this bill was signed will automatically be reprocessed at the new rate. ...
In Billing
Jun 18th, 2010
As the Senate continues to debate over how to pay for legislation that would at least temporarily prevent a 21.3 percent cut in Medicare physician payments, the hold the Centers for Medicare & Medicaid Services (CMS) put on claims expired June 17. Beginning June 18, contractors may process claims for services furnished on or after ...
In Billing
Jun 11th, 2010
The U.S. House of Representatives and the Senate were unable to resolve their differences in the American Jobs and Closing Tax Loop Holes Act of 2010 (tax extenders bill) in time to further delay a 21.3 percent negative update to Medicare reimbursement rates for physicians. The long anticipated pay cut went into effect June 1, ...
In Billing
Jun 1st, 2010
The Continuing Extension Act of 2010, which extended the zero percent update to the 2010 Medicare Physician Fee Schedule (MPFS), expired May 31. Legislation on the table that would prevent a 21 percent pay cut to physicians from going into effect June 1 was approved by the U.S. House of Representatives (215-204) on May 28. The ...
In Billing
May 21st, 2010
Only five business days remain before the Continuing Extension Act of 2010 provision that extended the zero percent update to Medicare physician pay rates expires. The American Jobs and Closing Tax Loopholes Act of 2010 (HR 4213), or “extenders bill,” would prevent the 21 percent pay cut from going into effect June 1 and provide payment updates to ...