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 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.