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Senate Fails to Address Payment Reform; 21% Cut Begins April 1
On Thursday, the House of Representatives approved comprehensive physician payment reform that will permanently avert cuts under the sustainable growth rate formula (SGR). However, the Senate postponed their vote on the legislation until after spring recess.
What this means for you
The 21% payment cut will take effect on April 1, 2015.
Like us, the Centers for Medicare and Medicaid Services (CMS) has urged Congress to ensure these cuts do not take effect. The agency has the authority to hold claims for up to 10 business days and stated on March 24 that Medicare Physician Fee Schedule claims for services rendered on or before March 31 are unaffected by the payment cut. CMS will notify physician by April 11 about next steps.
Does this mean all doctor's salaries are going down?
On Thursday, the House of Representatives approved comprehensive physician payment reform that will permanently avert cuts under the sustainable growth rate formula (SGR). However, the Senate postponed their vote on the legislation until after spring recess.
What this means for you
The 21% payment cut will take effect on April 1, 2015.
Like us, the Centers for Medicare and Medicaid Services (CMS) has urged Congress to ensure these cuts do not take effect. The agency has the authority to hold claims for up to 10 business days and stated on March 24 that Medicare Physician Fee Schedule claims for services rendered on or before March 31 are unaffected by the payment cut. CMS will notify physician by April 11 about next steps.
Does this mean all doctor's salaries are going down?