Home Health & Hospice Week
IRS Passes New Medical Device Tax
The new medical device tax may make your costs skyrocket, especially when the added costs from the 2.3-percent tax trickle down from manufacturers to providers. The Internal Revenue Service just passed the final rule on the new medical device tax, which becomes effective on Jan. 1, 2013. The tax comes as part of the 2010 "Obamacare" law.
The IRS expects the tax to net nearly $30 billion in government revenues through 2022, Reuters reports. The tax applies to most medical devices used or implanted by providers -- from tongue depressors to pacemakers. But the tax excludes over-the-counter devices like hearing aids and eyeglasses, as well as prosthetics and certain experimental treatment devices.
Medical device companies have been lobbying furiously against the tax, and now they’re lobbying to either repeal the tax or at least delay the start date.
Home Health & Hospice Week
- Audits:
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How To Win A ZPIC Appeal
What evidence is most compelling to auditors. Wading through the appeals process for Zone Program [...] - Regulations:
What The New Informal Dispute Resolution Provision Means For You
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Keep Your Functional Status Codes & Modifiers At Arm's Reach
Cozy up to G-codes and modifiers for tracking patient status, goals and severity level. If [...] - Management Strategies:
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CMS Announces Possible Future Hospice Data Collection
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False Claims Act Nets Nearly $5 Billion in FY 2012
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HHA Fraudsters Get Prison Time, Multi-Million-Dollar Restitution
Michigan HHA employees get prison sentences and millions in restitution for a $13.8 million home [...] - Industry Note:
IRS Passes New Medical Device Tax
The new medical device tax may make your costs skyrocket, especially when the added costs [...] - Industry Note:
OIG Wants Tougher Scrutiny of Hospice Claims
The OIG released its Compendium of Unimplemented Recommendations (December 2012 Edition), fighting for -- among numerous [...] - Industry Note:
Fiscal Cliff Talks Focus on Medicare Cuts
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Medicaid Audit Programs Hemorrhaging Money, GAO Says
Medicaid is paying twice for audit activities, according to a GAO report released on Dec. [...] - Industry Note:
Your Dual-Eligible Patients Have Varying Consumer Protections
Your dual-eligible patients have varying consumer protections depending on the particular programs, payment systems and [...]
