tci General Surgery Coding Alert - 2004 Issue 2

Fee Schedule Update: Higher Payments Will Boost Your Bottom Line

Once again for 2004, Congress has passed legislation that reverses a threatened reduction in Medicare payments and instead authorizes a slight increase in the payment conversion factor, which should mean an increase in payments for general surgery practices. In September 2003, CMS released a new Physician Fee Schedule, which included a payment conversion factor of $35.1339, effective Jan. 1, 2004. This represented a drop of 4.5 percent from the 2003 rate of $36.7856. At that time, CMS Administrator Tom Scully said, "CMS has no option other than to base this final rule on the current...

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