tci Medicare Compliance & Reimbursement - 2004 Issue 4

Physicians: CMS RINGS IN THE NEW YEAR WITH PHYSICIAN PAY HIKE

Starting January 1, physicians can see it to believe it. Good news for physicians - the Medicare pay increase promised in the prescription drug bill enacted last month will go into effect right on time in 2004. Effective January 1, physicians can expect a 1.5-percent pay increase. Thanks to the Medicare Prescription Drug, Improvement and Modernization Act, physicians in rural and other areas of the country can enjoy Medicare increases of up to 4.8 percent as the Centers for Medicare & Medicaid Services adjusts payments to reflect area cost differences. And special congratulations to physicians practicing in...

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