HAPPY 2014 TO ALL!
The good news is that the Medicare conversion factor was raised ABOUT 5% and the SGR can was kicked down the road again.
Now - before you rejoice too much - understand that the conversion factor is only one of the 3 major components of the equation. The other is the Relative Value Units assigned to each CPT and HCPCS code as well as the Geographcial Practice Cost Indices (GPCIs). Those can be increased or decreased, based on the assigned value of the work component, overhead cost component and malpractice risk component. The bad news is that many of the RVUs were decreased for 2014 - meaning that many CPT and HCPCS codes will result in a reduction in the actual Medicare allowed amount in 2014.
OK - it paid off for you to take the time to read this page and to check back on it regularly as I’m about to give away something to you for reading it. Because most practices (non primary care especially) are going to be taking some major hits this year, I’m going to try to help. Note the coupon code “charity”. If you use this code on most of the things for sale on my shopping page at https://shop.donself.com, you’ll get a 25% reduction during January 2014. It’s my way of helping you.
Don’t despair yet. If you work smart next year and make appropriate changes in your practice - it’s not all bad news. One of the requirements of the UCA (Unaffordable Care Act) - which some refer to as the PPACA, for all health insurance plans in 2014 is that they cover preventive care. If your practice will allow you to offer preventive care to patients to help capture problems before they become catastrophic - you could end up seeing increases in your overall income in 2014 on your Medicare and your non Medicare patients.
Remember - it says in the Bible 365 times: FEAR NOT or Have No Fear, for a reason.
If you have questions about how you can benefit from the changes about to happen - contact our office and schedule a time to talk to Don Self.
Oh yeah - the SGR can has been kicked down the road and there is every indication on both sides of the aisle in both chambers of Congress that they will truly get rid of the SGR (sustained growth rate) reductions completely around April or May of 2014 when they are debating the 2014 budget again.
You can benefit next year - if you are smart.
Don't wait. This is a crucial time in your practice because of what is happening and doing nothing is the same level of stupidity as doing the wrong thing.
Don has been consulting since 1985 in helping thousands of physicians, hospitals, clinics and medical practitioners in the areas of reimbursement. His approach is a bit different than any other in that he not only believes that really good money will follow good patient care, but he guarantees his consulting service. To the best of our knowledge, no other consultant in the country says that if he cannot help you - you do not pay a penny in consulting fees. It's really that simple.
He teaches seminars at medical and osteopathic conventions, webinars and he has written two books (so far) to help medical professionals.
If you qualify, Don will spend a free hour on calls with physicians and office managers in a mini-practice analysis that almost always helps the practice increase their monthly clinic income by at least $4,000 and many times - well in excess of $15,000. He accomplishes this by identifying what services they are providing and not billing properly for and educating them on it.
He does these GoToMeetings 4 to 5 times every single week and again - if you qualify - they are free. You are welcome to visit his REFERRALS page to see what the other physicians and managers say about these free consults.
If you're interested, give Crystal a call at 903 871-1172 and get on Don's schedule