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You can expect to see wild swings to Medicare pay rates in 2021, according to proposals CMS released this morning. The agency announced a nearly 11% cut to the Medicare physician fee schedule’s conversion factor (CF), dropping it to a rate of $32.26 next year, down from $36.09 in 2020.
 
Influencing the substantial decrease to the CF are the projected pay increases to the core set of E/M office visit codes (99202-99215). CMS confirmed that the E/M office visit codes remain on track for their first major overhaul in 25 years, according to the proposed 2021 Medicare physician fee schedule.
 
CMS and the CDC agree: If your practice is testing for COVID-19, a physician or qualified health care professional should counsel the tested patients about what to do and what to expect while they wait for results, and they can be paid for the counseling.
Part B News recently explored the ramifications of the recenlty-published final 1557 rule and the Bostock Supreme Court decision that seems to invalidate its effect on medical practice. Here with further thoughts on the subject is Melodie Hengerer, of counsel with Baker Donelson in Baltimore.
Get ready to update your Advance Beneficiary Notice of non-coverage (ABN) forms. Medicare has released a new form and instructions that will be mandatory on Aug. 31. The new forms have a 06/30/2023 expiration date in the footer and your practice may use them now.
 
Coders and medical practice staff can get a head start on a series of updated rules for diagnosis coding – the 2021 version of the ICD-10-CM Official Guidelines on Coding and Reporting was issued today – weeks ahead of the typical early August release date.
 

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