The monumental healthcare reform legislation was big, but not big enough to fix the physician fee schedule cuts. The good news: The president just signed HR 4851 (the Continuing Extension Act) into law, which extends the 2009 Medicare fee schedule conversion factor through May 31, 2010. So therapy providers billing Medicare can avoid the 21.2 percent cuts for another two months. Important:
Statutory payment floors still apply, News Now reminded readers, and, therefore, Medicare contractors cannot pay clean electronic claims before 14 calendar days after the date they are received. And for clean paper claims, you're looking at the usual 29 calendar days.