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ED Coding and Reimbursement Alert

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Feds Up Conversion Factor Rate -- For Now

Published on Tue Jan 27, 2009

Also: Here's why you shouldn't freak out if your MAC payments are a bit late. Remember that huge cut to the conversion factor rate that was supposed to go into effect Jan. 1? It's been delayed -- which is good news for any practice that did not want their services devalued by almost 22 percent. Despite CMS's plans to downgrade your 2010 conversion factor by 21.29 percent, Congress stepped in at the last minute and offered you a temporary reprieve. Facing grim cuts in Medicare pay, Congress voted to delay a decrease to the conversion factor until March 1. The $kinny: President Obama signed the temporary pay fix into law on Dec. 19. CMS subsequently issued MLN Matters article MM6796, which announced that due to relative value unit (RVU) adjustments, the conversion factor during the two-month temporary pay fix period would not remain at the 2009 level of $36.0666, but would [...]
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