Finance & Enjoyment Blog

Changes to Provider Payments from Medicare

Starting in 2011, provider payments from Medicare for clinics will be affected as a result of the Health Care Reform Act of 2010. The purpose for these changes is to increase productivity while lowering costs. To take care of the productivity goal, there will be an annual update that includes an adjustment step. On the cost reduction side, a 1.75% reduction will occur from 2011-2015. In 2015, this reduction increases to 1.95. There will also be a provision calling for the Centers for Medicare and Medicaid Services to submit to Congress a report with recommendations for legislative and administrative actions to reform the reimbursement functions for new clinical laboratory tests.

For additional information on changes to provider payments from Medicare, and how it will affect you, contact KKB at 303-815-1100.

Posted in Your Financial House »

0 Responses to "Changes to Provider Payments from Medicare"

Leave a Reply

Fields marked with  * are required.

Name *
Email Address *
(will not be published)