Assessing the impact of Medicare payment changes.
A reduction in the conversion factor applied to Medicare's payment equation has many providers concerned about financial loss. Some of this concern is justified, as most practices will see a decline in revenue that could result in a similar decline in physician compensation. However, the impact of these payment changes may be offset somewhat by increases in the relative value units assigned to many commonly performed procedures. Providers also can take several operational steps to minimize effects on their bottom lines.
Reiser
William S
WS
wreiser@amsnetworks.com
Brunicardi
Bradley O
BO
D000043:Abstracting and Indexing; D005245:Fee Schedules; D007344:Insurance Claim Reporting / Q000145:classification; D016345:Medicare Part B / Q000331:legislation & jurisprudence*; D009819:Office Visits / Q000191:economics; D012051:Reimbursement Mechanisms / Q000331:legislation & jurisprudence*; D015895:Relative Value Scales; D014481:United States