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Displaying items by tag: Medicare reimbursement
Five major physician lobbying groups expect to push Congress today to avert the upcoming Medicare reimbursement cuts to physicians and repeal the SGR formula altogether, according to a CQ Healthbeat News report.
The average cost for a 180-day episode of total knee replacement for Medicare patients is $22,611, while that figure is $25,872 for patients with commercial health insurance — a 14 percent difference, according to a report from the Health Care Incentives Improvement Institute.
Published in Billing & Coding
Currently, Medicare physician pay cuts of 27.4 percent will go into effect Jan. 1, 2012, unless Congress intervenes, and roughly 9 percent of medical groups would cease treating Medicare patients if the cuts went through, according to an American Medical News report.