Eliminating Medicare Payments for Specialist Consults Increased Spending by 6.5%
Before 2010, Medicare payments for consultations were higher than for comparable office visits billed by primary care physicians. Medicare eliminated the consultation payments from Part B and increased fees for office visits in January 2010 in attempts to be budget neutral.
The move increased overall spending on outpatient encounters by 6.5 percent in 2012. An average of $10.20 more was spent per beneficiary per quarter on physician encounters while volumes did not change significantly.
More Articles on Coding, Billing and Collections:
10 Revenue Cycle Mistakes Surgery Centers Make -- and How to Fix Them
CIOs Should be Involved in ICD-10 Financial Risk Assessment
Sharp Healthcare Chooses 3M System to Improve Coding, Billing
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's ASC Review
ICD-10 check-in: Where are healthcare stakeholders in the preparation process?Read Now
- Is your office culture killing or helping revenue? 3 ways to find out
- Do I Really Need an Investment Advisor? The 9 Reasons Physician-Investors Underperform Without Professional Management
- Do I Really Need an Investment Advisor? The 9Reasons Physician-Investors Underperform Without Professional Management
- 3 market drivers of the movement of spine, total joint cases to ASCs
- Novel techniques for managing postoperative pain following orthopedic and spinal procedures performed in ambulatory setting