tci Medicare Compliance & Reimbursement - 2015 Issue 15

Part B Payment: New Codes Without Pay Attached, 0.5 Percent Pay Increase Come January

Good news: You won’t face payment insecurity issues in 2016. The Centers for Medicare & Medicaid Services (CMS) has announced the Medicare Physician Fee Schedule proposal for 2016 and it brings significant changes. Whether they’re good or bad depends on your practice mix. Bright side: Thanks to the new “doc fix” Medicare payment model that the Department of Health and Human Services (HHS) worked out earlier this year, you won’t face devastating conversion factor cuts — in fact, you’ll get your second scheduled 0.5 percent pay increase on Jan. 1.  “This...

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