Physician Medicare fee schedule released

From Part B News:

CMS has just announced minutes ago that the 2007 final physician fee schedule will be in the Dec. 1, 2006 Federal Register and it contains a 2007 conversion factor of $35.9848 -- a 5% reduction from the current CF.

That cut is slightly less than the 5.1% conversion factor cut predicted in the proposed fee schedule last August.

However, a 5% cut is significant and will take effect Jan. 1, 2007, unless Congress acts in a lame-duck session to erase the cut.

Medicare expects to spend $61.5 billion on Part B Services in 2007, which is 6.8% more than the $57.6 billion that the agency anticipates spending this year.

The final fee schedule also provides a boost in pay for some E/M services.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians