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Practice Management Alert

Fee Schedule News:

Brace Your Practice for a 26.5 Percent Drop in Medicare Pay Next Year

Published on Tue Nov 20, 2012

As in years past, Congress may intervene and change the conversion factor cut before 2013.Every year at this time practices start the nail-biting process of waiting to see whether they will lose money simply because the calendar flips to a new year and the Medicare Physician Fee Schedule (MPFS) changes for the new year roll out.CMS offers several bits of good news in its newly-finalized 2013 MPFS, including new transitional care management codes and associated payment--but the agency also included a 26.5 percent conversion factor cut that could impact practices across-the-board if Congress doesn't act to reverse it before Jan. 1.On Nov. 1, CMS released its Final Medicare Physician Fee Schedule for 2013. The 1,362-page document, which was published in the Nov. 16 Federal Register, offers a look into how the agency configures its RVU assignments, and shows just which specialties will escape drastic cuts to their reimbursement.CMS Assigns New [...]
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