Turning Problems into Profits

Medicare Legislation

gavel4/15/15  Update:  Last night the Senate passed the bill already approved by the House that prevents a 21% reduction in payments to Medicare doctors.  President Obama is expected to sign the bill into law.  Therefore, we are sending out all Medicare claims today.  They should now process correctly, and you should receive payment by month’s end.

4/3/15  Notice to our Clinics:  OBS is temporarily holding your Medicare claims from April 1 forward while Congress considers legislation to forestall a mandatory 21% decrease to Medicare doctors. Medicare’s sustainable growth rate formula has threatened automatic payment cuts to Medicare physicians for more than a decade. In the past, Congress has approved temporary patches to prevent these reductions from taking effect and is looking at similar legislation once again. Any Medicare claims filed after March 31 will process incorrectly if Congress acts to override payment reductions.  According to Congressional reports, we can expect to hear something by April 11th.  We will keep you posted on pertinent updates and file your Medicare claims once the situation is resolved.