The Senate has passed HR 4302. The bill provides for delaying the implementation of ICD-10 for at least one year and provides a temporary patch to the Medicare sustainable growth rate (SGR), repealing the planned 24% reduction in reimbursements slated to take place on April 1, 2014. The bill was voted through the House of Representatives on March 27.
Section 212 of the legislation prohibits HHS from implementing ICD-10 at any point before October 1, 2015. While industry stakeholders would prefer a permanent fix to the hated SGR formula, most are in favor of passing the temporary measure as a necessary stopgap to prevent a disastrous drop in Medicare reimbursement rates. HR 4302 includes a .5% update through December 31, 2014 and a zero percent update from January 1, 2015 through March 31, 2015.
As always, ADVOCATE will keep you updated on this and all issues impacting radiology as they become available.
Kirk Reinitz, CPA