decisionhealth Newsletters, Part B News - 2005 Issue 8 (August)
What is the Medicare Economic Index?
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Article Overview
This article gives a plain-language overview of the Medicare Economic Index (MEI), including how CMS defines it, what broad cost components are included, and how recent revisions and rebasing affected the index. It is relevant to physicians, practice managers, coders, and reimbursement professionals who follow Medicare physician payment updates and CMS policy.
Why This Topic Matters
The MEI is part of the framework used to understand Medicare physician payment updates. Knowing what it measures and how CMS updates it helps readers interpret payment policy changes and related fee schedule developments.
What You Will Learn
- What the Medicare Economic Index is and how CMS characterizes it
- Which broad input categories are included in the index
- How productivity adjustments factor into the MEI
- Why the index was revised and rebased prior to 2004
- How CMS-related policy discussions can affect physician payment updates
Who Should Read This
- Physicians
- Medical practice managers
- Professional coders
- Revenue cycle staff
- Healthcare reimbursement analysts
- Policy readers
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