tci Medicare Compliance & Reimbursement - 2012 Issue 2

Part B Payment: Congress Votes to Boost Conversion Factor Through February 29

At nearly the last minute, lawmakers ensure that you won't lose 27 percent. Although the government appeared poised to take a big bite out of your next Part B payments, you have another two months before you need to worry about losing pay. That's because the 27 percent Medicare pay cuts that practices have feared since last fall were once again kicked to the curb by Congress, resulting in a Medicare Physician Fee Schedule conversion factor of $34.0376 through Feb. 29. On Dec. 23, the House followed the Senate's lead in voting to halt the Medicare pay cut...

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