Pathology/Lab Coding Alert

Physician Fee Schedule 2012:

Steel Yourselves for 27 % Medicare Conversion Factor Cut

Plus: Physician signatures, cytology rates on the line.Welcome to another round of tense waiting to see if you'll get a dramatic reduction in 2012 Medicare payments for your pathology services. "The calendar year 2012 physician fee schedule [PFS] conversion factor is $24.6712," notes the Physician 2012 Medicare fee schedule Final Rule, printed in the Nov. 28 Federal Register, and that could mean a big cut in your pay.Look for Congressional ReliefThe conversion factor (CF), scheduled to go into effect Jan. 1, 2012, amounts to a dismal 27.4 percent cut compared to the current rate of $33.9764. CMS acknowledges that this massive cut may not be set in stone, stating, "While Congress has provided temporary relief from these reductions every year since 2003, a long-term solution is critical. We will continue to work with Congress to fix this untenable situation so doctors and beneficiaries no longer have to worry [...]
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in your eNewsletter
  • 6 annual AAPC-approved CEUs*
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more
*CEUs available with select eNewsletters.

Other Articles in this issue of

Pathology/Lab Coding Alert

View All