2010 Medicare Physician Fee Schedule Announcement

Congress was unable to pass legislation that would repeal the 21% paycut going into effect on March 1, 2010. However, CMS believes Congress is working to avoid the negative update. Consequently, they have instructed its contactors to hold claims containing services paid under the MPFS for the first 10 business days of March. The holding of MPFS claims will only affect claims with dates of service March 1, 2010, and forward. This hold should have a minimum impact on provider cash flow because, under current law, clean electronic claims are not paid any sooner than 14 calendar days (29 for paper claims) after the date of receipt. Be on the alert for more information about the 2010 Medicare Physician Fee Schedule Update