tci Medicare Compliance & Reimbursement - 2014 Issue 1

Part B Payment: Keep Your Fingers Crossed For Permanent Fix Of Medicare Payment System

Congress has a great holiday gift for you. On Dec. 19, Congress approved a 0.5 percent increase to Medicare payments (over 2013 payment amounts) to stall major conversion factor cuts until March. However, it gives the government breathing space needed to fix the Medicare payment system for good. That’s because Congress may actually be poised to eliminate the sustainable growth rate (SGR) formula and institute more modern payment systems for Medicare claims. You Might Say Goodbye to SGR Last week, the House of Representatives’ Ways and Means Committee and the Senate FinanceCommittee approved a bill that would...

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