medical billing company medical billing company right
medic billing company
 
Home    |    Our company    |   What we do    |     Industry news     |     Faqs     |     Contact
M.E.D.I.C Newsletters      

M.E.D.I.C., Inc. :
Deciphering the latest news & laws so you don't have to

NEW! Visit our new blog : M.E.D.I.C News Hourly!


21% Physician Fee Schedule cut may be temporarily delayed
. December 21, 2009
On Saturday, December 19, 2009, the Senate joined the House in approving a short term delay in the Medicare Physician Fee Schedule reductions, by a vote of 88 - 10. Specifically, H.R. 3326, the Department of Defense Appropriations Act for 2010, includes a provision that freezes Medicare rates at currents levels for January and February 2010, in lieu of the 21.2% cut scheduled to go into effect January 1, 2010. The legislation now goes to the President, who is expected to sign the bill into law. We are being advised that Congress is working on a long term solution, but not details have yet emerged.


21% Physician Fee Schedule cut may be temporarily delayed
. December 16, 2009
On Wednesday, December 16, 2009, the US House of Representatives voted to temporarily delay the 21% cut to the Medicare Physician Fee Schedule for two months. The measure awaits action on the part of the Senate. This will only offer a temporary reprieve, and absent a more permanent solution, that 21% cut will now take effect on March 1, 2010.

For more information, click here.

For additional information regarding the AMA’s and Medical Society of Virginia’s actions regarding the SGR, click here.


Sustainable Growth Rate Fix Fizzles
. October 29, 2009
Once again the medical community is facing a severe gouging – a whopping 21.5% cut – of the physician payments contained in the Medicare Fee Schedule, as required as an element of the Sustainable Growth Rate. Congress moved to circumvent this staggering reduction in fees, however, the proposed bill that would circumvent the 21.5% cut, and in fact replace it with a 0.5% increase (“Doc Fix”), was defeated.

Over the past few years there have been eleventh-hour short-term fixes that temporarily deferred the payment reductions. Now the medical community is looking for a more permanent fix, and in fact was hoping that it would have come in the much-discussed comprehensive healthcare reform package. However, such comprehensive reform is taking longer than anticipated, and now we are once again confronted with a year-end with no SGR fix in sight.

Stay tuned… this is most certainly not the final word on this issue.


Government Incentivizes EMR Adoption . October 29, 2009
On February 17, 2009, the American Recovery and Reinvestment Act (ARRA) was signed into law, committing $19.2 billion to healthcare information technology (HIT) to promote the use of HIT for all providers of healthcare. A whopping $17.2 billion has been allocated as incentive payments to eligible healthcare professionals for EMR adoption. More specifically, providers using a certified EMR will be eligible for substantial government cash incentives in the years 2011 through 2014. While the law does not yet specify what constitutes a “certified” EMR, industry leaders agree that CCHIT will likely be selected as the standard. Providers who have not adopted a certified EMR by 2015 may be penalized.

As the chart below reflects, those providers adopting a certified EMR system in 2011 & 2012 will receive the greatest benefit, for they will be eligible for incentive payment for 5 years and at a higher rate.



Feel free to contact M.E.D.I.C., Inc. if you would like to discuss EMR options and issues as you prepare to foray into this new technology!

 

Our Monthly Newsletter

M.E.D.I.C. News Quarterly, Vol. IV, Issue 1

M.E.D.I.C. News Quarterly, Vol. III, Issue 3

M.E.D.I.C. News Quarterly, Vol. III, Issue 2

M.E.D.I.C. News Quarterly, Vol. III, Issue 1

M.E.D.I.C. News Quarterly, Vol. II, Issue 3-4

M.E.D.I.C. News Quarterly, Vol. II, Issue 1-2

M.E.D.I.C. News Quarterly, Vol. I, Issue 3-4

M.E.D.I.C. News Quarterly, Vol. I, Issue 2

M.E.D.I.C. News Quarterly, Vol. I, Issue 1

 

 

Visit News Blog!
   
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List iconSubscribe to our News Blog