tci ED Coding & Reimbursement Alert - 2016 Issue 3

Medicare Conversion Factor: CMS Makes A Small Technical Correction to the 2016 Conversion Factor

Every penny counts when calculating your Medicare payments The Centers for Medicare & Medicaid Services (CMS) recently announced a $.02 adjustment to the 2016 physician Fee schedule conversion factor, which is now $35.8043 down from the $35.8279 published in the 2016 Medicare fee Schedule final rule in November 2015. It’s not much, but you may wish to recalculate your Medicare payments for 2016. Why: Apparently, CMS made errors in the blending of 2014 utilization data that impacted the practice expense and professional liability insurance inputs for several codes says Michael A Granovsky, MD, FACEP, CPC...

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