ICD-10 Delay Ready to be Signed into Law
The Senate voted Monday evening (March 31st) to delay
scheduled cuts in physician payments under Medicare and move the switch
to ICD-10 billing codes to October 1, 2015. The bill also provides a 0.5%
Medicare pay bump over the next 12-month period.
The bill has already been passed by the House and is now
ready to be signed into law. I expect that President Obama will sign the
bill.
This means that the current Medicare fee schedule will
remain in effect.
EHR is NOT Mandatory
You DO NOT have to adopt Electronic Health Records!
Currently there is a lot of hype and pressure tactics being applied to
Doctors of Chiropractic in an effort to SCARE them into buying Electronic
Health Records (EHR).
YOU DO NOT HAVE TO Adopt EHR. Although, some insurance
companies MAY require you to adopt EHR in the future in order to
participate with their plan.
New HCFA 1500 Claim Form
A new claim form goes into effect April 1, 2014 and will be
required for Medicare claims. After April 1, any claims submitted to
Medicare on the old claim form will be rejected.
The date/version of the claim form can be found in the lower
right hand corner of the form. The old claim form is dated (08-05) and
the new form (02-12).
Usually there is an extension when a new claim form is
introduced but I would have expected it by now if there were going to be
one.
There doesn't appear to be clear instructions yet on how the
claim form is to be completed for chiropractic claims. We will keep you
posted as soon as we know something.
PQRS is NOT Mandatory
The Centers for Medicare and Medicaid Services (CMS) has
ruled that providers who are not successfully/satisfactorily
participating in Physician Quality Reporting System (PQRS) by the 2013
reporting period (Jan. 1 - Dec. 31, 2013) and beyond, will have their
Medicare reimbursement decreased by 1.5 percent beginning in 2015.
In 2016, the payment decrease will be 2%. Therefore, the
2012 reporting period is the last opportunity providers have to
voluntarily participate in PQRS while incentives are still offered and
Medicare reimbursement is not subject to penalty.
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