Like treasure-seekers at a sidewalk scavenger sale physical therapists can get a little excited about the potential for meaningful Medicare payment reform this summer.
The flawed Sustainable Growth Rate (SGR) formula is on sale for a limited time only and the Congress can buy this dusty artifact from the 1997 Balanced Budget Act with new legislation in 2013.
The Medicare Physician Payment Innovation Act (HR 574) will provide a clearly defined path to payment reform as well as a period of payment stability necessary for physical therapist and physician practices to transition to an alternative payment system, reports Jerry Connolly from the American Physical Therapy Association Private Practice Section Advocacy Fly-In in Washington DC.
The cost to replace the SGR has decreased over the last three years because the 2009 Great Recession and ObamaCare have both driven down healthcare cost growth. The decrease in cost growth, in turn, changes the 10-year estimate to replace the SGR. This estimate is calculated by the Congressional Budget Office which announced that the new price is $139 billion, down from $330 billion.
Only in Washington DC is $139 billion seen as cheap. It's like finding an old vinyl copy of Led Zeppelin's 1971 Stairway to Heaven for $2!
The SGR is used to calculate physical therapists' Medicare payments. The SGR has also been a big distraction for the Congress every year as provider organizations lobby to prevent ever bigger Medicare cuts.
The 2014 adjustment is projected to be negative 24%! Now that's cheap!
Selasa, 23 Juli 2013
Sustainable Growth Rate Replacement On Sale at the #PPSFlyIn !
Artikel Terkait Sustainable Growth Rate Replacement On Sale at the #PPSFlyIn ! :
Medicare Spending Flattens in 20112011 has been, so far, a good year for budget hawks.A new report by the Congressional Budget Office (CBO) found that Medicare spe ... - California and Florida Physical Therapy Bills Move ForwardPhysical therapists across the United States have gotten off to a fast start in 2012, as evidenced by two bills moving forward in ...
- Obesity and Physical TherapyI don't talk a lot about diet with my physical therapy patients. I probably should because Body Mass Index - your weight in kil ...
Can EMRs Improve the Physical Therapy Experience?"With great power comes great responsibility", quoted Heidi Jannenga, PT, MPT, ATC/L at the WebPT Evolve meeting in Orlando, Flor ... 
Can Evidence Based Medicine Save Physical Therapy From 'Skilled Therapy'?Can powerful new tools used by physical therapists prevent a Medicare audit?If you write in your note tests that predict the outc ...
Langganan:
Posting Komentar (Atom)
0 komentar:
Posting Komentar