Congress Passes Twelve Month “Doc Fix”:
The United States Congress has just passed H.R. 4302, the Protecting Access to Medicare Act of 2014. The primary purpose of the legislation was to extend a “patch” to prevent physicians who treat Medicare beneficiaries from receiving a more than 20 percent reimbursement cut on April 1. The twelve month “patch” contained in H.R. 4302 is estimated to cost Medicare nearly $16 billion. In order to offset the costs, the legislation contained reimbursement cuts throughout the Medicare system which did NOT single out hospice.
One Year Delay in Implementation of ICD-10:
Additionally, the legislation delays for one year the transition from ICD-9 to ICD-10, making the new implementation date October 1, 2015.