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 2012. 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.