tci General Surgery Coding Alert - 2022 Issue Q1

Reimbursement: Feds Rescue Medicare Providers from Massive Pay Cuts

Start with 3% CF increase for 2022. With two years of COVID hits to healthcare providers’ bottom line, Congress acted at the close of 2021 to offset some impending 2022 Medicare pay cuts. Details: On Dec. 10, 2021, President Biden signed the Protecting Medicare and American Farmers from Sequester Cuts Act into law, overriding scheduled payment reductions outlined in the Medicare Physician Fee Schedule (MPFS) final rule. Industry organizations expressed glee over the congressional changes because without the updates and support, many providers would be forced to tighten their belts with the bleak reimbursement prospects. The top policy turnarounds...

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