Medicare physician payments cut 29.5 percent in 2012; MedPAC recommends a 1 percent update

In a letter to the Medicare Payment Advisory Commission (MedPAC), the Centers for Medicare & Medicaid Services (CMS) estimated that Medicare physician payments will be cut by 29.5 percent in 2012, unless Congress intervenes. As required by Congress, each March MedPAC reviews Medicare payment policies and makes recommendations to Congress. The 2011 report includes a payment policy recommendation for a 1 percent increase in physician reimbursements for 2012. The commission has previously stated its opposition to physician payment cuts, and determined the 1 percent increase for 2012 to be fiscally disciplined while preserving beneficiaries’ access to physician and health professional services.

Dallas L Alford IV, CPA is a licensed Certified Public Accountant in the state of North Carolina and owner of Atlantic Financial Consulting, a consulting firm that provides comprehensive medical billing services, practice management consulting, coding audits, Medicare compliance, Medicare RAC support and other general medical practice consulting services.
To learn more about Atlantic Financial Consulting you may visit their website at http://atlanticfinancial.us or contact Dallas L Alford IV, CPA directly at 1 888-428-2555, Ext. 200.