Tag Archives for Reimbursements

Medicare Cuts Payments by 21%

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.

Filed Under: Medical Billing and Coding Topics

Medicare Eliminates Consultation Codes for Doctors

Now that Physicians cannot bill Medicare for consultations how will they get paid for patient care? Capture’s medical billing video explains how in easy to understand terms. Washington, DC (Vocus) – December 15, 2009 On January 1, 2010 Medicare will eliminate consultation codes. These codes are what healthcare providers submit to Medicare for reimbursement when a patient is seen for a medical consultation, whether in a provider’s office or hospital setting. Healthcare providers, coders and medical billers will have to Continue Reading

Filed Under: Medical Billing Tips Video Podcast