tci Medicare Compliance & Reimbursement - 2015 Issue 8

Breaking News: Specter Of Yearly Doc Fix Process Eliminated

ICD-10 transition still on track. President Barak Obama signed into law the Medicare Access and CHIP Reauthorization Act on April 16, bringing a huge respite to all healthcare providers who suffered a constant sense of crisis each year. Physicians finally have a permanent fix to the Sustainable Growth Rate methodology that would have led to a 21-percent cut to physician payment rates this year. Background: Since 2003, each year physicians have faced a massive cut in their Medicare reimbursement and have relied on Congress to prevent these cuts — something that has occurred 17 times between 2003 and 2014...

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