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Medicare Patch Madness Returns; ICD-10-CM Delayed
Posted on: 4/4/2014

It's official.

Late Monday night, the U.S. Senate passed the 17th physician payment patch for Medicare, and President Obama signed the $21 billion legislation into law on Tuesday - the day the 24 percent cut was to kick in (Protecting Access to Medicare Act of 2014, H.R. 4302). The patch covers 12 months and allows the defective Sustainable Growth Rate (SGR) formula to live and breathe for yet another year.

Sending some medical practices into a tailspin, but serving as a relief to others, this bill also delays the October 1 implementation deadline for ICD-10-CM for one year, and includes a six-month partial enforcement delay for a controversial new inpatient payment rule for hospitals, the so-called "two-midnight" rule

ISMS will keep you informed as more details become known.

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