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News You Can Use: Rejoice in SGR Elimination

Posted on 24. Jun, 2015 by in Hot Coding Topics

Decision also means ICD-10 will move forward this year.

Unfortunately, it was no April Fool’s joke that April 1 came and went with no final Congressional action to override the 21 percent Medicare pay cut.

Although the House passed the Medicare Access and CHIP Reauthorization Act (MACRA), the Senate failed to vote on the bill before departing for a two-week recess on March 27.

“Their failure to act leaves physicians facing a devastating 21 percent cut in Medicare reimbursements when the current Sustainable Growth Rate (SGR) payment patch expires on March 31,” said Robert M. Wah, MD, president of the AMA, in a March 27 statement.

Good news: Because electronic claims take at least 14 days to process and paper claims take at least 29 days, the cut would have started affecting your payments on April 15. However, on April 14, just a few hours before the midnight deadline,...

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