tci Medicare Compliance & Reimbursement - 2013 Issue 9

Reimbursement: Offset Sequestration Cuts With 5 Expert Tips

Keep cash flowing. The two percent across-the-board Medicare pay cuts that kicked in on April 1 are probably taking a bite out of your reimbursement. Now’s the time to offset the loss by uncovering hidden income opportunities. Your claims with dates of service of April 1 or thereafter will not only have a reduction, but will also have adjustment code 223, which refers to a mandated regulation. The two percent cut will come from the calculated payment amount, or the amount that your MAC pays after applying the deductible and coinsurance, according to a list of frequently-asked questions...

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