HAP Radiology Billing and Coding Blog

What Is The Impact Of The 2023 Medicare Fee Schedule On Your Radiology Practice? on February 9, 2023

The Medicare Physician Fee Schedule (MPFS) was lowered for 2023 due to a cut of 2.08% in the Conversion Factor (CF) used to determine payment rates. We reported that the CF could have been reduced as much as 4.47% had Congress not intervened at the last minute to adjust it, along with waiving the 4% PAYGO reduction that was supposed to occur in 2023. The pricing of various procedure codes is also revised annually due to changes in practice expense assumptions, which generally affects the Technical Component (TC) more than the Professional Component (PC). Radiologists will therefore see a different overall result for services in a private office or imaging center than they will for hospital services.

Categories: MPFS, radiology, Medicare Physician Fee Schedule

Coding Changes That Will Impact Radiology Practices In 2023 on January 23, 2023

Click here to read our 2024 code changes update article.

 

While only a few of the 225 new codes, 93 revised codes, and 75 deleted codes in Current Procedural Terminology[i] (CPT)® for 2023 will impact radiology practices, it’s essential to know what they are and adjust your practice systems accordingly.

Categories: radiology coding, interventional radiology, IR coding, CPT codes, diagnostic radiology, evaluation and management

Last Minute Congressional Action Reduces Medicare Fee Cuts For 2023 on January 4, 2023

In response to concern expressed across the spectrum of physicians and their representative organizations, the omnibus spending bill titled the Consolidated Appropriations Act, 2023 (CAA23) passed by Congress on December 23 rolled back a Medicare payment cut of 8.5%.  As a result, we estimate that the conversion factor will still be cut 2.08% for 2023. However, as we reported previously, many practices will feel a larger reimbursement reduction due to the annual valuation adjustments within the fee schedule.

Categories: radiology reimbursement, MPFS

QPP Strategy for Radiology in 2023 on December 20, 2022

Today's Quality Payment Program (QPP) began in 2006 as the Physician Quality Reporting Initiative (PQRI). It was a voluntary program that would earn participants a bonus payment of 2% of their prior-year Medicare reimbursements. Beginning with performance year 2013 (for payments in 2015) a penalty was imposed on those physicians who did not successfully report quality data. The 2016 performance year saw the initiation of the Value-Based Payment Modifier (VM) that allowed for upward, downward, or neutral payment adjustments in 2018 based on both the quality and cost of care delivery. In the first year the VM was applied, physicians with low cost and high quality earned an additional 9.78% over the basic Medicare fee schedule while the potential negative adjustment for not reporting, or not successfully reporting, was 6%. There was a lot of incentive to participate in the program at as high a level as possible!

Categories: MIPS, MIPS participation, radiology, QPP

Rural Care Settings Need More Radiology Expertise on December 8, 2022

Recently, a study by a joint task force of the American College of Radiology (ACR) and the Society of Interventional Radiology (SIR) pointed out the need for all diagnostic radiologists to have certain competencies in “Level 1” interventional procedures. Radiology Business reports that the aim of the task force was making recommendations for “broadening access to image-guided procedures for patient populations living in rural care settings or served by small IR practices.” According to the study abstract, “Radiology practices characterized as small and rural are challenged to recruit and retain interventional radiologists”, resulting in a failure to meet the needs of patients and others in these communities. Thus, having diagnostic radiologists with Level 1 competencies in small practice or rural health settings increases their ability to provide a wider range of needed services.

Categories: interventional radiology, radiology, rural health

Regulatory Update – Radiology Faces Revenue Cuts In 2023 on December 2, 2022

Once again this year, physicians are uncertain about the amount of reimbursement reduction they will suffer from Medicare cuts. If things are left unchanged, Medicare providers will face a reduction of approximately 8.5% across the board, without considering adjustments made to specific procedure codes. In recent years last-minute congressional action has mitigated the effect of certain statutory requirements.

Categories: medicare, medicare reimbursement, radiology, Medicare Physician Fee Schedule

The Medicare Final Rule Confirms Big Payment Reduction For 2023 on November 15, 2022

When the 2023 Medicare Physician Fee Schedule (MPFS) was proposed earlier this year it projected a 4.42% cut to the conversion factor (CF), with radiology facing cuts of between 3 – 4% depending on subspecialty. The final rule moves the cut even deeper, with the 2023 CF set 4.47% lower than the 2022 CF.

Categories: medicare, medicare reimbursement, MPFS, radiology, Medicare Physician Fee Schedule

Diagnosis Coding Changes for Radiology are Available Now on November 3, 2022

Although we refer to the annual updates to the ICD-10-CM[1] coding system as being for the coming year of 2023, they are effective and available for use on October 1, 2022.

Categories: radiology coding, icd-10, radiology

Expanded Authorization for Non-Physician Providers on October 25, 2022

The opportunities for non-physician providers (NPP) in radiology practices continue to expand. Recently the American College of Radiology (ACR) revised its CT and MRI facility accreditation criteria to allow NPPs to be able to directly supervise contrast administration. This mirrors the revised practice parameter for supervision of contrast administration that was previously adopted by the ACR. Note, however, that state licensure laws are the final authority that determine which services may be provided by NPPs.

Categories: radiology reimbursement, radiology, NPP, Non-Physician Provider

Top 3 Threats To Independent Radiology Practices on October 17, 2022

Many radiologists prefer an independent practice model for a variety of reasons. Lifestyle and benefits (especially vacation and retirement) are often enhanced in a private practice. In the workplace, private practice offers more control over corporate culture along with the ability to structure the practice and its subspecialty focus in a way that best meets their patients’ needs. There is better opportunity for management of administrative and clinical time to accomplish research projects, journal articles, and continued professional growth. However, there are always challenges to maintaining practice independence, including staffing, consolidation, and legislative and environmental pressures.

Categories: radiology, practice independence, practice governance

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