Aug 11, 2020 | Hospice, Medicare
CMS issued the final rule that updates the FY 2021 Medicare payment rates and wage index for hospice facilities. Overall payments to hospice facilities will increase by +2.4%, or $540M—below the initial proposal, as CMS expects COVID-19 impacts on the economy to drive slower compensation growth and reduce the estimated market basket update. Click to read more.
Aug 7, 2020 | Managed Care Friday
50: The reimbursement rate increase for child psychiatrists agreeing to be in the BCBS of Massachusetts network. This is a big deal - we only see these hikes when traditionally out-of-network service providers perhaps agree to come in-network for a deal, and even then, they can be rare. Child psychiatrists are in high demand throughout the US. Meanwhile, primary care doctors who "integrate" mental health into their practice here will be eligible for incentives. Question is whether integration will include using telepsych platform and whether PCPs will be effective at this, given the length...
Aug 6, 2020 | Physician Fee Schedule, Physicians
CMS proposed relatively minor changes to its final rule from last year, which broadly overhauled the way evaluation and management (E&M) services are reimbursed by Medicare. The policy change increases payments for primary care services, but requires a significant budget neutrality offset that negatively impacts many physician specialties. Click to read more.