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Practice Money Matters News & Updates

The Impact of MACRA on Your Future Revenue

What is MACRA? Presently providers are reimbursed on a fee for service basis. Fees that are determined by the SGR formula or Sustainable Growth Rate. MACRA (Medicare Access and CHIP Reauthorization Act) CHIP (Children’s Health Insurance Program) bottom line is the government wanting to reimburse providers based on their quality of care, not … [Read More...]

CMS Announces ICD-10 1 Year Grace Period

There is no delay coming, but for one year after Oct. 1, CMS will pay for all claims that don't have the correct ICD-10 codes as long as the codes used are in the ballpark. This is the biggest of several concessions CMS is making in light of the Oct. 1 deadline and the grave concerns providers have expressed with compliance. These measures will … [Read More...]

Senate Passes H.R. 2 Legislation to Repeal and Replace the Medicare SGR

Last evening, by a vote of 92 – 8 the Senate passed H.R. 2, legislation that would permanently repeal and replace the Medicare Sustainable Growth Rate formula (SGR). The six amendments offered during floor consideration were all defeated. The the Senate has passed the bill in the identical form as the House passed version. This means that the … [Read More...]