2006 physician payment conversion factor same as 2005’s

From Part B News (www.partbnews.com):

Part B News has learned Medicare’s 2006 conversion factor will match 2005’s exactly: $37.8975.

President Bush on Wednesday signed the Deficit Reduction Act, which froze your payments at the 2005 level, erasing the 4.5% conversion factor cut that had been in place since Jan 1. CMS says it will automatically reprocess claims you submitted since Jan. 1 and you can expect checks to come in batches, not just one big  payment.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA