Oh, joy. CMS announced yesterday that the Medicare reimbursement rates for 2007 may drop by 5.1%. This little tidbit was buried at the very end of the “Fact Sheet” issued – the press release is unvailable right now. One can only assume that private payers are going to shadow the cut.
There is a serious move afoot in Congress to reverse this cut, but that’s up in the air right now. Congress would have to act before they adjourn in October. So, when your representative and senators are campaiging, ask tough questions – don’t be shy. Ask them if they’ve signed on and committed to reverse the cut.
I do believe the fees will go back to this year’s level, which will mean no increase in two years. Practices must be focused on improving efficiency in their back office to spend less time and money on non-productive activities so you can focus on patients.