On Oct. 1, you lost the ICD-10 reporting grace period that the Centers for Medicare and Medicaid Services (CMS) granted to help ease you into complying with the new diagnosis coding system. So, why should you care? For the past year, you’ve been receiving payments for claims that were coded close to the target. All […]
Oct. 17, 2016 — On Friday, Oct. 14, the Centers for Medicare and Medicaid Services (CMS) announced the final reporting requirements for its new MACRA rule going into effect Jan. 2017. This new program is about to turn how you are paid completely upside down. Based on MACRA, your Medicare reimbursement will be increased or […]
Oct. 14, 2016 — There can be no more speculation as to whether the Centers for Medicare and Medicaid Services (CMS) will go live with its Medicare Access and CHIP Reauthorization Act (MACRA) regulations on Jan. 1. Earlier today, CMS released the final MACRA rule after considering more than 4,000 comments and having 100,000 attendees […]
The Medicare Access and CHIP Reauthorization Act (MACRA) could transform healthcare, but if the Centers for Medicare and Medicaid Services (CMS) doesn’t follow congressional intent with its regulations, compliance could become even more complicated than the current system. This is according to 18 congressional members in a recent letter to CMS Acting Administrator Andrew Slavitt […]
Get ready — MACRA is definitely going live Jan. 1, and will most certainly have a huge impact on your claims payments. Before you jump on the MACRA bandwagon, you need to make sure that the program really applies to you. The Centers for Medicare and Medicaid Services (CMS) recently announced that it would release […]
On Sept. 26, the Centers for Medicare and Medicaid Services (CMS) made available for download your 2015 Physician Quality Reporting System (PQRS) Feedback Reports and 2015 Annual Quality and Resource Use Reports (QRUR). These reports lay out your positive, neutral or negative payment adjustments under the PQRS and Value-Based Modifier programs, respectively, for your 2017 […]
To get your claims reimbursed, payers demand that you be as specific as possible with your ICD-10-CM code assignment. Often this means you must identify laterality and accurately adjust your coding to avoid claim denials and payer audits. When CMS implemented ICD-10, the number of diagnosis codes went from 14,000 to 68,000 — a massive jump. […]
If you have salaried employees in your practice, a new rule means you may have to give them a raise or pay them hourly (which means they could get overtime pay). Effective Dec. 1, 2016, the U.S. Department of Labor (DOL) will update the salary level required for the overtime exemption under the Fair Labor […]
UPDATE: In response to CMS Acting Administrator Andy Slavitt’s Sept. 8 announcement that the agency would not delay MACRA implementation, leaders of the U.S. House Energy and Commerce Committee and Ways and Means Committee issued a statement Sept. 9 indicating that they were pleased that CMS was moving forward with options for compliance with the […]
The relatively new 60-Day Rule affects all Medicare and Medicaid providers regardless of specialty, size or type, and nailing down the exact date to begin your 60-day countdown is one of the most confusing compliance aspects — although other rule components can easily trip you up as well. The rule may seem straightforward — you […]
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