decisionhealth Newsletters, Part B News - 2013 Issue 12 (December)
GPCI, practice expense, misvalued code changes to scramble your 2014 payments
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Article Overview
This article explains several 2014 Medicare physician fee schedule changes and how they may affect payment patterns across settings and localities. It is geared toward physicians, coders, practice managers, and reimbursement staff who need a high-level view of payment-impacting updates, including changes tied to the Medicare Economic Index, Geographic Practice Cost Index adjustments, and revisited RVU values for selected services.
Why This Topic Matters
Payment changes in the physician fee schedule can materially alter reimbursement even when overall policy direction is uncertain. Understanding which broad categories of services and locations are affected helps practices anticipate revenue shifts and review fee schedule assumptions for the year.
Article Sections
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Fee schedule analysis
Overview of the 2014 Medicare physician fee schedule changes discussed in the article. Introduces the broad payment factors covered in the analysis.
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MEI change benefits services done in facilities
Discussion of the Medicare Economic Index revision and its effect on payment weighting between work and practice expense. Includes a table of selected services used to illustrate projected payment impact.
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N.Y., La., Del. win with GPCI changes
Summary of the Geographic Practice Cost Index revisions and how they affect local payment adjustments. Covers the phased implementation and examples of areas with larger projected changes.
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Misvalued codes
Review of payment changes tied to revised relative value units for selected services identified as potentially misvalued. Includes a table of commonly billed services used in the article's analysis.
What You Will Learn
- What broad Medicare physician fee schedule changes were implemented for 2014
- How payment weighting between major RVU components was affected at a high level
- What kinds of regional payment adjustments were revised for 2014
- How RVU revisions for selected services can influence physician reimbursement
- Which general service categories were highlighted in the article's payment-impact analysis
Who Should Read This
- Physicians
- Medical coders
- Billing staff
- Practice managers
- Revenue cycle professionals
- Healthcare reimbursement analysts
Codes Discussed
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