A Summary Provided by:
On April 1, 2014, President Obama signed into law H.R. 4302, the “Protecting Access to Medicare Act of 2014” (“the Act”).1 The Act includes a one-year fix to the Medicare physician fee schedule (MPFS) that averts a nearly 24% payment cut that would have otherwise gone into effect on April 1, 2014, but which falls far short of earlier hopes for full repeal of the current sustainable growth rate (SGR) formula.
The Act includes numerous payment and policy changes impacting radiologists and the imaging community, including (1) a one-year delay in the transition to ICD-10, (2) reductions in Medicare payment for the technical component of CT services performed on scanners that do not meet certain standards, (3) adoption of appropriate use criteria for outpatient imaging, and (4) reforms to the physician fee schedule relative valuation process.
To view a summary of major imaging-related provisions of the Act, provided by ReedSmith, click here.
ADVOCATE will continue to provide updates as information becomes available.
Kirk Reinitz, CPA