CMS gives notice of delayed release of the Medicare physician fee schedule

In a notice issued on October 23, 2013, the Centers for Medicare and Medicaid Services (CMS) announced that the final rule on the 2014 physician fee schedule, originally scheduled to be released in early November, has been delayed due to the recent federal government shutdown.  CMS will release the final rule on or before November 27, with the new fee schedule taking effect on January 1, 2014.  This year’s final rule is of great importance to psychologists since CMS is expected to announce its decision on final payment rates for the new psychotherapy codes.

In a comment letter to CMS, APAPO addresses concerns with the declining payment rates for the 2014 psychotherapy codes. APAPO will inform you when the final rule is released.

Sequestration cuts will likely remain in effect: For psychologists and all other Medicare providers, an additional 2% reduction in payments beginning in 2014 – on top of the 2% implemented in 2013.

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