RevCycleIntelligence’s Post

Medicare has consistently cut reimbursement for more than a decade. These cuts are unsustainable in a market like ours. Even if you don't work with Medicare clients, private payers use this same fee schedule to set their rates. BCBS of Nebraska only pays 75% of the Medicare Physician Fee Schedule, for example. It goes down, so does BCBS reimbursement. These cuts are not sustainable for our profession. Any attempt to innovate in OT is limited by #accesstocare issues like this. Let's hope this advocacy effort goes through, even if it still results in a 1.42% cut 2024 compared to 2023. #advocacy #occupationaltherapy

Roji's @DaveHalpert deciphers the 1,920 page 2024 Medicare Physician Fee Schedule Proposed Rule, so you don't have to. What you need to know. #ACOs #APPreporting #CMSProposedRule

The Medicare Proposed Rule for CY 2024, with a 3.4% reduction in the conversion factor, has led to concerns about reimbursement cuts in healthcare. However, an analysis suggests that the actual impact on reimbursements varies depending on factors like patient mix, specialty, and geographic location, with some codes experiencing lower reductions than the overall conversion factor decrease. Explore Medicare's 2024 impact on healthcare finances here: https://snip.ly/3c7s79 #Medicare2024 #HealthcareReimbursement #MedicalBilling #HealthcareEconomics

The impending 3.4% cut to Medicare providers is a critical issue, and your voice matters! Congress needs to hear from you to halt this cut before it takes effect on January 1, 2024. Contact your local representative by following this link: https://p2a.co/LB0u0nO For more information or assistance, ADVION is here to help: contact Carmen Witsken at [email protected]. Your advocacy is vital, and together, we can make a difference! #MedicareProviderRelief #AdvionAdvocacy #TakeActionNow

Please support all of your doctors, no matter what the specialty, and reach out to your congress men and women. We already barely break even seeing Medicare patients with the low reimbursement. It is no wonder more and more doctors across the country are opting out of Medicare and insurance. We have to pay our staff more, pay more for rent, utilities, supplies, cost of living- you name it- but what doctors make from insurance keeps being cut- and we can’t do a thing about it. Every other industry can increase their prices to adjust for inflation and cost of living, but we have to take whatever insurance decides to pay… and then fight with patients about their copay and deductible. Please educate yourself and realize your doctor is NOT the enemy- your insurance company and the government are.

Are you prepared for the changes to the Outpatient Prospective Payment System (OPPS) and 2024 Medicare Physician Fee Schedule (MPFS) this year? Join us for a free webinar on Wednesday, Jan. 17 to navigate the final rules. Let us help you determine the financial and operational impact of the changes and prepare your team for compliance with the policies outlined in both rules. https://bit.ly/3NOLzNU #Webinar #MedicalCoding #IndustryUpdates

While lawmakers still need to entirely eliminate recent cuts to physician payments and enact essential long-term reforms, to counterbalance previous reductions, CMS has updated the Medicare Physician Payment Schedule conversion factor to $33.29 for services provided from 3/9 through 12/31. #IPSISAdvocacy https://lnkd.in/gS4BfFXW #InterventionalPainMedicine #PainMedicine #InterventionalPainManagement #PainManagement

The national landscape of healthcare across all sectors is beyond the tipping point for a solution with the current construct. We are on an inevitable course requiring a revisitation of what drives care providers to enter into this space. Trying to objectively manage, evaluate, monitor and affect the art of medicine is failing due to the limited resources available in reality. The sad truth is that we need more frontline providers and the specialty driven opportunities need to accept that reimbursement and the incentive models need to be completely restructed in parallel to an open and honest conversation about the altruistic drive required to develop into a physician. The notion that one's choice to enter into medicine and the long road required to become excellent at your skill set should entitle a certain amount of prestige or wealth is antiquated. Art is not subject to "quality" as it is referenced in system based care today. Art is hard to pin down and the value is based on the individual audience's experience, not some external sources ratings or feedback. Primary care is a "gatekeeper" sector for the business of care as well as for the experience of care.

🚨Special webinar: Join us for "Medicare’s Proposed 2024 Changes to Remote Monitoring and Care Management" on July 25 at 2:00 PM EDT to learn all about the just-released Medicare physician fee schedule proposed rule. #medicare #caremanagement