Tag: Medicare

Physicians face cut in Medicare reimbursements

In what the American Medical Association calls an “annual crisis,” physicians are once again facing a cut in Medicare reimbursements – almost 30% in 2012 – unless the U.S. Congress acts by January 1. This year, though, there appears to be an added layer of uncertainty because of the supercommittee, whose decisions are due this week.

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Medicare rate change worries nursing homes

A new rule cutting Medicare reimbursements for skilled nursing facilities may cost the state’s nursing homes $89 million this fiscal year. “It’s devastating,” said Isabella Firth, president of LifeSpan Network, the Columbia-based provider association with 300 member senior care facilities in the Mid-Atlantic. The Centers for Medicare & Medicaid Services announced the new rule, which reduces reimbursements by more than 11%, on July 29. It will go into effect Oct. 1.

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