Medicare Reimbursement Information I
August 31, 2009 in Medicaid/Medicare
This week, I will be discussing Medicare Reimbursement in detail. The Medicare Payment Advisory Commission (MedPAC) has a high-quality series of reports analyzing Medicare’s reimbursement system. Findings from these reports includes:
In 2006, about 569,000 physicians billed Medicare.
In 2007, Medicare paid $60 billion for physician services.
All physician services are reported to CMS according to the Healthcare Common Procedure Coding System (HCPCS), which contains codes for about 6,700 distinct services. Payment rates are based on RVUs.
Under the Medicare incentive payment program, physicians receive bonus payments when they provide services in … Continue Reading