Government
New Medicare physician rate information offered
NEWS IN BRIEF — Posted Jan. 15, 2007
The Centers for Medicare & Medicaid Services released an article explaining how physicians can find out their Medicare rates for 2007. The article, in pdf format, is online (link).
Although the Medicare conversion factor for 2007 will remain the same as in 2006 based on recent congressional action, doctors will not receive the same rates this year. That is because CMS has adopted changes to the relative value units for many physician services. Relative value units are converted into final dollar figures for reimbursement.
Physicians have until Feb. 14 to decide if they want to participate in Medicare this year. This enrollment period usually runs until Dec. 31, but the agency extended the deadline to account for the last-minute congressional action reversing the scheduled 5% cut to Medicare physician pay.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/01/15/gvbf0115.htm.
