Wednesday, March 10, 2010

Medicare Physician Fee Schedule Update

On March 2, 2010, President Obama signed into law the Temporary Extension Act of 2010. Among other things, this law extends through March 31, 2010, the zero percent update to the Medicare Physician Fee Schedule (MPFS) that was in effect for claims with dates of service January 1 - February 28, 2010. Effective immediately, claims with dates of service on or after March 1 that were being held by Medicare contractors will be released for processing and payment. Please keep in mind that the statutory payment floors still apply and, therefore, clean electronic claims cannot be paid before 14 calendar days after the date they are received by Medicare contractors (29 calendar days for clean paper claims).

Note: Part A claims suspended in location SMDAY1 with reason code WW001 will be released for processing.