The United States Senate has joined the House of Representatives and passed legislation to prevent a 24% cut in physician fee schedule payments from occurring tomorrow (4/1) as previously scheduled. Instead, Medicare physician fee schedule payments will continue to be paid as they have been for the past 3 months. Although the legislation must be signed by the President in order to become effective, the President has indicated that he will sign this legislation once it reaches his desk. In addition to preventing the SGR related reduction, Congress approved language extending various other Medicare provisions slated to expire at Midnight tonight. These include: Extends Medicare work Geographic Practice Cost Index (GPCI) floor for 1 year Extends Medicare therapy cap exception process for 1 year Extends Medicare ambulance add-on payments for 1 year Extends Medicare adjustment for Low-Volume hospitals for 1 year Extends Medicare-dependent Hospital (MDH) program for 1 year In addition to these “extenders” Congress also approved a one-year delay in the effective date of the ICD-10 transition. As you know, ICD-10 has been scheduled to take effect on October 1, 2014. Due to Congressional intervention, the new effective date will be October 1, 2015.
Posted on: Mon, 31 Mar 2014 23:03:36 +0000
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