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SDMS Sound News
Volume 4, Issue 12
December 31, 2002
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In This Issue...
SDMS Sound News is a way of sharing important or time-sensitive news with our members. It supplements our print newsletter, News Wave and provides links to new information and services available on the SDMS web site. SDMS Sound News is published
monthly. An archive of past issues is available at http://www.sdms.org/lists/soundnewsarchive.asp
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7. CMS Releases 2003 Fee Schedule
The Centers for Medicare & Medicaid Services (CMS) announced on December 20 a final rule that will update physician payment rates under the Medicare physician fee schedule for 2003. The rule also revises a number of other policies affecting Medicare Part B payment for physicians and other providers.
The fee schedule specifies rates paid to physicians for more than 7,000 health care services and procedures ranging from routine office visits to complex surgical procedures. In 2003, Medicare is expected to pay approximately $44.9 billion to over 750,000 physicians and other practitioners for services paid under the physician fee schedule. Under the final rule, the physician fee conversion factor, which adjusts the base calculation for all physician services, will be reduced by 4.4 percent, beginning March 1, 2003, although total physician spending will increase by 2 percent in 2003.
The final rule, which will be published in the December 31 Federal Register, will be effective on March 1, 2003. Services provided on or after January 1 and before March 1 will be paid under the 2002 fee schedule.
The full text of the final rule is available on the CMS website at:
http://www.cms.hhs.gov/REGULATIONS/PFS/
SDMS' lobbying team at Arent Fox has prepared a table of payment rates for ultrasound technical component (TC) services for 2003 compared to the 2002 rates and the Hospital Outpatient Department (HOPD) Prospective Payment System (PPS) payments. The table can be found at:
http://www.sdms.org/pdf/pfs2003.pdf
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© Copyright 2002. Society
of Diagnostic Medical Sonography, Plano, TX. All Rights Reserved.
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