Medicare Compliance & Reimbursement

Despite adjusted rate of 33.9764, changed RVUs should ensure that your payments will stay the same. President Obama may have locked in a zero percent adjustment to your 2011 Medicare Part B payments last month, but that doesn't mean you'll be calculating your fees using last year's rates. In fact, the 2011 conversion factor is slightly lower this year than what you were collecting in 2010, according to an "emergency update" to the 2011 Fee Schedule that CMS issued on Dec. 3. But your payments shouldn't drop. Your 2011 conversion factor will stand at 33.9764, "a net reduction of 7.86 percent from the 2010 conversion factor of 36.8729," said Frank Cohen, of The Frank Cohen Group LLC in a Dec. 29 analysis of the change. The Medicare and Medicaid Extenders Act of 2010, which was signed into law on Dec. 15, established a payment update for 2011 of zero percent. [...]