December 1, 2020, the Centers for Medicare & Medicaid Services (CMS) issued the final rule for 2021. This final rule includes updates on policy changes for payments made under the Medicare Physician Fee Schedule.
WHAT YOU NEED TO KNOW
This final rule confirmed there will be increase in Relative Value Units (RVUs) for Evaluation and Management (EM) services which will result in an increase to reimbursement for these services. But because the budget neutrality adjustment remains in place (as required by law), to account for this increase, the Conversion Factory (CF) will drop. A drop in the CF affects reimbursement for all you do – both for diagnostic radiology and interventional radiology procedures.
Beginning 2021 the CF will drop by $3.68. In 2020 it is $36.09 but for 2021 it will only be $32.41.
WHAT YOU CAN DO TO HELP PREVENT THESE DEVASTATING CUTS
Time is short – contact your U.S. Senator today. Thanks to Radiology Business Management Association (RBMA) who fully supported and funded this link, it could not be easier. Go to www.dontcutdocs.com
On this secure form, all you will need to add is your name, email address and your zip code and that is it! It is optional, but If you would like to also send a note to your U.S. Senator, it is also easy to do. Just use the message box on this link.
To locate Senator’s names: http://www.senate.gov/states/statesmap.htm
But time is of the essence – Congress needs to act to fund the government by December 11th. It is important to contact your Senator before then.
PLEASE TAKE ACTION IMMEDIATELY!