With the failing of the Senate to repeal a bill that reduces reimbursements for Medicare, a 21% cut on payments to physicians went into effect March 1, 2010. Medicare is notifying their contractors to hold Medicare claims for 10 business days effective today. Claims will begin processing on March 15th with the reduced rates. There is still a chance that Congress may reverse this decision. Stay tuned.
+Manny Oliverez is a 20 year veteran of healthcare having managed medical practices. He advises medical practices, physicians and practice administrators on how to run their practice and manage their medical billing and revenue cycle management. Manny speaks, blogs and makes videos at www.CaptureBilling.com, a blog that is tops in the medical billing and coding field. READ MORE