Doctors to get 2.3% more in 1999 Medicare payments
Starting Jan. 1, doctors will get an average of 2.3% more from Medicare.
In a federal rule published this fall, HCFA raised its conversion factor for medical services provided in 1999 to $34.73. The conversion factor is the figure that is multiplied by a service's relative value to determine the fee that HCFA pays for that service.
In addition, many internists will benefit from the first phase of revisions to the practice-expense portion of the Medicare fee schedule, which also takes effect this month.
Over the next four years, internists' Medicare reimbursement is projected to increase another 2% because the practice-expense portion of each Medicare fee will be based on the actual resources used, rather than a historical charge.
Some subspecialists, on the other hand, are likely to see big drops in their Medicare pay. For instance, gastroenterologists' income is projected to decrease 15% over the next four years; cardiologists are expected to experience a 9% decrease. Practice expense payments account for about 40% of the total Medicare fee for service.
For more information on the federal rule and the practice expense issue, visit ACP-ASIM Online (www.acponline.org).
Internist Archives Quick Links
Superior MOC Solutions from ACP
Meet your requirements with our approved activities. See details.
Making the Most of Your ICD-10 Transition
To help you and your practice make a smooth and successful transition to ICD-10 coding, ACP and ICD-10 content developers have created multiple resources available at discounted rates for ACP members.