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SPECIAL ALERT: President signs extension bill, Medicare physician payment freeze now to occur May 31
The Centers for Medicare & Medicaid Services (CMS) released the following statement this morning:
On April 15, 2010, President Obama signed into law the “Continuing Extension Act of 2010.” This law extends through May 31, 2010, the zero percent update to the Medicare Physician Fee Schedule that was in effect for claims with dates of service January 1, 2010 through March 31, 2010. The law is retroactive to April 1, 2010. Consequently, effective immediately, claims with dates of service April 1 and later, which were being held by Medicare contractors, are being 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).
MGMA will continue to keep members apprised via the MGMA Washington Connexion of any further CMS announcements regarding reprocessing of claims.
