I really, really hope it's wrong too, because I'm all "in office" and 70% Medicare. Unfortunately, the same source that nailed the stim cuts down to the penny over Thanksgiving weekend, has crunched the other numbers as well. Nobody, saw cuts this massive coming.
The CMS committee explains here, how and why they vehemently disagreed with the proposal of an only 2% proposed cut:
"For
CPT code 62310, we disagree with the work RVU of 1.68 recommended by the AMA RUC because the reduction from the current work is not comparable to the 63 percent reduction in time being recommended by the AMA RUC. We, however, agree that the methodology used by the AMA RUC to develop a recommendation was appropriate. Using this methodology, we calculated the difference in the AMA RUC recommendations for CPT 62310 and 62318 and subtracted this from our CY 2014 interim work RVU for CPT 62318, which results in a
work RVU of 1.18, which we are establishing as the CY 2014 interim final work RVU for CPT code 62310.
The AMA RUC recommended maintaining the current work RVU for
CPT code 62311 of 1.54 even though its recommended intraservice time decreased 50 percent. We disagreed with this approach.To determine the CY 2014 interim final work RVU we subtracted the difference between the AMA RUC-recommended work RVUs of 62311 and 62319 from our CY 2014 interim final work RVU for CPT code 62319. We believe that the resultant
work RVU of 1.17 is a better approximation of the work involved in CPT code 62311."
Work RVUs for
C ESI drops 38% from 1.91 to 1.18
Work RVUs for
L ESI drops 24% from 1.54 to 1.17
Then you multiply the new RVUs by the 2014 conversion factor. If that conversion factor is lower this year, that's where you get your 50+% cuts.
Again, I can't tell you how happy I'll be if I'm wrong.
Pages 328 and 356:
http://www.ofr.gov/OFRUpload/OFRData/2013-28696_PI.pdf