Practice Management Alert

Some specialties will face even larger cuts if the physician 2012 Medicare fee schedule goes through as is.Get ready for another year of nail-biting to find out whether your Medicare payments will be dramatically reduced. "The calendar year 2012 Physician fee schedule conversion factor is $24.6712," notes the 2012 Medicare Physician fee schedule Final Rule, printed in the Federal Register that was published on Nov. 1. This amounts to a dismal 27.4 percent cut compared to the current rate of $33.9764. Here are the details you need to know to start bracing for the looming cuts.Hope that Congress Steps in to Alter CutsCMS 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 [...]