tci Medicare Compliance & Reimbursement - 2011 Issue 22

Part B Pay: CMS Slashes 2012 Conversion Factor by Over 27 Percent Vs. Current Rates

Plus: Pay for Radiation oncology, pulmonology, and cardiology will drop even more. Get ready for another year of nail-biting to find out whether your Medicare payments will be dramatically reduced. "The calendar year 2012 Physician Fee Schedule conversion factor is $24.6712," notes the 2012 Medicare Physician Fee Schedule Final Rule, printed in the Federal Register published on Nov. 1. This amounts to a dismal 27.4 percent cut compared to the current rate of $33.9764. CMS acknowledges that this massive cut may not be set in stone, stating, "While Congress has provided temporary relief from these...

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