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Wager

Anyone want to wager on whether or not Congress will cancel the 10.1% cut to Medicare rates or are physicians really going to take in the shorts this time around?

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Re: Wager

Don't forget about all of us that work on a percentage. I'm sure it will be reduced to somewhere around even. Of course the revision will probably not be effective until February sometime. So you can...

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Re: Wager

Unfortunately, Medicare makes up a large % of most practices. I don't know many that could afford to sit on that much income.

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Re: Wager

It actually comes to 12% for cardiology. Ouch. Although Congress is known for their last minute reprieves that drive all of us crazy.April

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Re: Wager

Yeah, but usually you hear chatter about it by this time of year. So far I haven't heard anything.

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>So you can either hold all your billing or deal with a > HUGE headache of posting all the adjustments.I keep a one month backlog so that when the deductibles hit in January I'm still sending...

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Re: Wager

Given how much damage they manage as things are, imagine what it would be like if Congress was efficient.

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Re: Wager

Quote:I keep a one month backlog so that when the deductibles hit in January I'm still sending December. By the time I hit February many patients have fulfilled their deductibles at other...

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Re: Wager

He/She is talking about holding Medicare claims in the being of the year (January DOS's) to avoid MCR deductibles applied to his claims. I actually have quite a few physicians/groups that do this as...

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Re: Wager

My health insurance held off processing the hospital bill until I met my Catestrophic Cap because once I met that, I no longer had any out of pocket expenses. This saved me about $8,000. It didn't...

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Re: Wager

My company has a client that wanted to use HL7 to transmit claims data to our billing system. At first things were going through so fast that the physician's charges were in our billing system...

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Re: Wager

Ahhh, HL7 data transfers, what a great concept on paper. I have a client that uses a once a day data transfer. As you mentioned, you’re really at the mercy of the registration people with patient...

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Re: Wager

Indeed. It works pretty well for the most part.

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Re: Wager

Here's new updates, as of yesterday: Late Tuesday Dec 18th, the Senate passed the Medicare, Medicaid and SCHIP Extension Act of 2007 (S. 2499) that would replace the 10.1 percent reduction in Medicare...

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Re: Wager

Does that mean I have to split my winnings? What's half of zero?

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