Organizations representing ophthalmologists and other physicians' groups are urging Congress to find a solution this year to the flawed payment formula that requires physicians to take a 29.5% pay cut in January 2012.
Dramatic changes are coming to the way Medicare will pay physicians for their services, but savvy practices that voluntarily adopt the reporting procedures can financially benefit from incentives offered now.
After putting physicians on the brink of a massive pay cut 5 times during 2010, legislation has been passed that buys a year of stability while a better method is sought for paying those who treat Medicare patients.
As the Centers for Medicare and Medicaid Services prepares to implement a 23.5% pay cut on Dec. 1, physicians who treat Medicare patients are pleading with Congres to intervene and considering their options.
As yet another deadline challenges Congress to avert a 21.3% pay cut to physicians who treat Medicare and Medicaid patients, groups representing the nation's physicians say they do not support a proposal that fails to change the formula behind the cut.
After years of wrangling in court with two former regional manufacturer's representatives, officials at STAAR Surgical Co. hope a $4 million settlement will allow it to move forward with new products and solidify its financial status.