House Also Approves SGR Cut Delay

November 29, 2010

This afternoon, the House of Representatives passed bill HR 5712 that provides for a one month delay in the 23% cut in payment rates that otherwise would have taken effect on December 1.  Recall that the bill passed the Senate before the Thanksgiving recess. 

 

While some Congressional leaders want to permanently fix the SGR, the costs to do so remain a big obstacle.  As an example, the costs to fix it for one year are about $19 billion.  The next deadline before the cuts take place is January 1, 2011.  Whether the Congress deals with this issue before they adjourn or the new Congress deals with it (retroactively) remains to be seen. 

 

For background information about the SGR, what it is and how the current situation came to be, see our article entitled  Understanding the Physician Pay Problem.  

 

As your partners here at MedFocus, we will continue to update you as the situation evolves. 

 

One of our strengths at MedFocus is helping clients stay current and compliant with the many changes in medical coding, medical billing and revenue cycle management today.

Contact us to find out more about how we can help you run your practice more easily and maximize your financial success.

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