Beginning April 19, the private consumer interest rate is 11 percent, compared with 11.25 percent in the previous reporting period. Medicare Regulation 42 CFR §405.378 provides for the interest assessment at the higher of the current value of funds rate, or the private consumer rate as fixed by the Treasury Department, according to the report. Interest accrues from the final determination date.
Read CMS Transmittal 187, Change Request 7153, issued April 12.
Read more on coding, billing and collections:
–Physicians Must Meet HIPAA 5010 Standards to Receive Payment in 2012
–Surgery Center Coding Guidance: PLIF and TLIF Procedures
–Palmetto GBA Says Thermal Capsulorrhaphy Non-Covered
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
