Have you taken the time to review and update your fee schedules? It's an important part of starting the year off right. Your practice management system should update the Medicare Physician Fee Schedule (MPFS) for you, but you still need to make adjustments to your practice fee schedule and ensure you make any other needed updates for commercial payers. Often staff are so busy closing out the old year and getting ready for the new one that things like this get overlooked. You may not even know how the changes to the MPFS are impacting your bottom line.
Elizabeth Woodcock reviewed January 1 fee schedule changes and how your Medicare reimbursement has changed based on your specialty.
Here are a few highlights from her presentation: