Recently, medical billing companies have been facing a tough time due to the payment reductions caused by the Patient Protection and Affordable Care Act. In addition, a new challenge – the HHS Sequestration has worsened the payment scenario. The Center for Medicare and Medicaid Services has brought into effect the sequester provision of the budget control law on April 1, 2013. According to this law, a 2% cut will be implemented on all Medicare provider payments. The impact is more since we are beginning to see that HMOs and some of the Commercial payers following suit. Let’s see how the HHS Sequestration Plan impacts the revenue cycle management of medical billing companies, Continue reading “HHS Sequestration – How does it Impact your Billing?”
SGR – latest
The Speaker of the House of Representatives has announced that the House GOP Caucus has agreed to pass the short-term (two month) SGR fix. The House could pass the legislation as early as tomorrow but it is also possible that the vote will have to wait until next week. The bill that is expected to be passed would continue the 2011 Conversion Factor for the Medicare Physician Fee Schedule until March 1. The Congress will have to pass another “fix” between now and February 29th in order to prevent an SGR related cut on March 1st. Continue reading “SGR – latest”