tci Part B Insider - 2007 Issue 8

REIMBURSEMENT: Are You Ready For A Conversion Factor Of $34.14?

Senate hearing results in no answersIf the experts can't even figure out how to rescue your payments, then what hope is there?The Medicare Payments Advisory Commission (MedPAC) delivered its long-awaited report on Medicare physician payments--and couldn't agree on a solution.  By law, every year Medicare changes the physician conversion factor based on how fast physician spending has grown compared to the economy. For the past five years, this has resulted in steep cuts of up to 5 percent, which Congress has prevented every year except for 2002.Congress had instructed MedPAC to report by March on how...

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