CMS Publishes April Update to Medicare Physician Fee Schedule
CMS announced in their MedLearn Matters MM8664 a revision to the Medicare Physician Fee Schedule as of April 1, 2014 reflecting the 24% decrease in reimbursement published in November 2013 for 2014. Fortunately, on December 28, 2013, President Obama signed the Pathway for SGR Reform Act of 2013 delaying the decrease in reimbursement and providing time for Congress to fix the Sustainable Growth Rate formula. To date, Congress has not agreed on a fix. Therefore, the current law expires on March 31, 2014. CR 8664 reflects payments with the Conversion Factor of $27.2006 and without the 1.0 GPCI work floors, effective April 1, 2014, to December 31, 2014. The full document can be found at: http://www.cms.gov/Outreach-and-Education/Medicare-Learning-Network-MLN/MLNMattersArticles/Downloads/MM8664.pdf
Some Medicare contractors have already published on their website the new reimbursement rates for April 1, 2014 implementation. Watch for further updates from your specialty societies as well as from CMS.