tci Medicare Compliance & Reimbursement - 2003 Issue 33

Physicians: MORE REIMBURSEMENT FOR PNEUMOCOCCAL VACCINE

Good news for physicians planning to buy ahead.Physicians will collect higher Part B payments for the pneumococcal vaccine this winter, the Centers for Medicare & Medicaid Services revealed Aug. 26. Effective Oct. 1, the payment for the pneumococcal vaccine will be the lower of the charge billed to Medicare or $18.62, CMS says. The American Medical Association cheered the move. "As physicians make buying decisions now on vaccines for the coming winter, the AMA and its member physicians appreciate this advance notice from CMS that reimbursement rates will increase," says AMA Trustee Ron Davis, MD. "The...

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