Author Topic: Medicare Payment Cuts to go through this year.. no more delays!  (Read 4309 times)

PMRNC

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Medicare Payment Cuts to go through this year.. no more delays!
« on: December 20, 2012, 12:16:14 PM »
For those of you who have not changed over from % billing.. BETTER get to changing that or you'll be hurting!!! 

12-19-2012 -- Attention Health Professionals: Information Regarding the 2013 Medicare Physician Fee Schedule

The negative update of 27% under current law for the 2013 Medicare Physician Fee Schedule is scheduled to take effect on January 1, 2013.

Medicare Physician Fee Schedule claims for services rendered on or before December 31, 2012, are unaffected by the 2013 payment cut and will be processed and paid under normal procedures and time frames.

The Administration is disappointed that Congress has failed to pass a solution to eliminate the sustainable growth rate (SGR) formula-driven cuts, and has put payments for health care for Medicare beneficiaries at risk. We continue to urge Congress to take action to ensure these cuts do not take effect. Given the current progress with the legislation, CMS must take steps to implement the negative update.

Under current law, clean electronic claims are not paid sooner than 14 calendar days (29 days for paper claims) after the date of receipt. CMS will notify you on or before January 11, 2013, with more information about the status of Congressional action to avert the negative update and next steps.
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com

best biller

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Re: Medicare Payment Cuts to go through this year.. no more delays!
« Reply #1 on: December 31, 2012, 06:24:49 PM »
Is there any site where I could read more about the negative update of 27%?

RichardP

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Re: Medicare Payment Cuts to go through this year.. no more delays!
« Reply #2 on: January 02, 2013, 02:50:23 AM »
Will this page work for you?

Fiscal Cliff' Bill Passes, Medicare Cuts Averted:
http://www.medpagetoday.com/PublicHealthPolicy/Medicare/36666

PMRNC

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Re: Medicare Payment Cuts to go through this year.. no more delays!
« Reply #3 on: January 02, 2013, 01:36:11 PM »
Cuts averted.. another SGR Band Aid.. <sigh> I am having my clients hold claims for now as I expect they will reverse their decision to hold claims, I can't see them making more work for themselves.. or maybe I could. LOL
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com