SGR Patch Approved and ICD-10 Delayed
With only minutes to spare, the United States Senate joined the House of Representatives in passing the Preventing Access to Medicare Act of 2014, which is meant to prevent a 24% reduction in physician fee schedule payments slated to occur on April 1, 2014. In lieu of this draconian cut, Congress approved a one-year extension of the current Medicare Conversion Factor (CF) through March 31, 2015. This means that Medicare will continue to pay for physician services through the remainder of 2014 what it has been paying for services for the first three months of 2014.
Read more in the latest HBMA Washington Report