BilAmerica will be exhibiting at the NJSP Spring Dinner at Saint Barnabas Medical Center.

Stop by our booth #621, and learn how BilAmerica can help improve your profits and make your practice more efficient.  Also, enter for a chance to win an iPoda Nano!

The Department of Health and Human Services issued a statement announcing its intent to push back the October 1, 2013, compliance deadline for ICD-10.

News Release from HHS:

HHS announces intent to delay ICD-10 compliance date

As part of President Obama’s commitment to reducing regulatory burden, Health and Human Services Secretary Kathleen G. Sebelius today announced that HHS will initiate a process to postpone the date by which certain health care entities have to comply with International Classification of Diseases, 10th Edition diagnosis and procedure codes (ICD-10).

The final rule adopting ICD-10 as a standard was published in January 2009 and set a compliance date of October 1, 2013 – a delay of two years from the compliance date initially specified in the 2008 proposed rule. HHS will announce a new compliance date moving forward.

“ICD-10 codes are important to many positive improvements in our health care system,” said HHS Secretary Kathleen Sebelius. “We have heard from many in the provider community who have concerns about the administrative burdens they face in the years ahead. We are committing to work with the provider community to reexamine the pace at which HHS and the nation implement these important improvements to our health care system.”

ICD-10 codes provide more robust and specific data that will help improve patient care and enable the exchange of our health care data with that of the rest of the world that has long been using ICD-10. Entities covered under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) will be required to use the ICD-10 diagnostic and procedure codes.

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Come visit us in the Exhibit Hall, booth #25!

]]> http://www.bilamerica.com/february/feed/ 0 http://www.bilamerica.com/sgr-latest-news/ http://www.bilamerica.com/sgr-latest-news/#comments Thu, 29 Dec 2011 16:09:11 +0000 alicias http://www.bilamerica.com/?p=549

December 23, 2011: The Sustained Growth Rate (SGR) cut for 2012 has been postponed!  The House of Representatives voted to continue the 2011 Conversion Factor for the Medicare Physician Fee Schedule until March 1, 2012.  Congress will have until February 29, 2012 to determine the next “fix”. 

There continues to be disagreement with the House and Senate to “fix” the SGR cut. However, they have come to an agreement to postpone the cut! (but have yet to agree on the length of the postponement)

Centers for Medicare and Medicaid Services (CMS) released the following statement on December 19, 2011: 

The negative update under current law for the 2012 Medicare Physician Fee Schedule is scheduled to take effect on Sun Jan 1, 2012, eight business days from today. Consequently, as on numerous occasions in the past, CMS will instruct its Medicare claims administration contractors to hold claims containing 2012 services paid under the Medicare Physician Fee Schedule for the first 10 business days of January 2012 (i.e., Sun Jan 1 through Tue Jan 17). The hold should have minimal impact on provider cash flow because, under current law, clean electronic claims are not paid sooner than 14 calendar days (29 days for paper claims) after the date of receipt.

Medicare Physician Fee Schedule claims for services rendered on or before Sat Dec 31 are unaffected by the 2012 claims hold and will be processed and paid under normal procedures and time frames.

CMS will notify you on or before Wed Jan 11, 2012, with more information about the status of Congressional action to avert the negative update and next steps regarding the claims hold.