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Feds Save Your Conversion Factor Rate -- For Now

Published on Sat Feb 27, 2010

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.Development: On March 3, the Senate extended the delay in the implementation of the said cut by passing a bill that was previously passed by the House. This bill provides the legislative branch with 30 days to resolve the sustainable growth rate (SGR) formula travesty before the cuts take effect. That extension would have ended on April 1, 2010. However, Congress voted again on March 17 to delay the decrease in the conversion [...]
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