Medicare is holding payments as it sorts out the upcoming 10% payment cut. But if the cuts go through, doctors take it on both ends:
At some point they may just have to lift this hold, and now the 10.6% cut goes into effect, and now paying people effectively a couple weeks late . . . It has the potential to be a double whammy if things don’t go right.
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“The only winning move is not to play.” Joshua “WarGames”
I think this is not likely to be a problem — as long as there is a fix by the 15th that keeps the rates the same as they are now. If that does occur, the claims which have been pended will be released in a large batch which should all be disbursed by the third week in the month — meaning there will be a hiccup in the cash flow, but the end-of-month postings of collections should not be impacted. And of course all the claims for dates of service prior to July 1 will be processed as usual.
I worry more about the eventuality that the rates might change — whether they go up or down there will be a larger lag time before the new rates get entered into the system, and in that case there is more likely to be a interruption in cash flow.
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