Medicare Physician Payment Freeze Now to Occur May 31

The Continuing Extension Act of 2010 has been signed into law, extending 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.

Effective immediately, claims with dates of service April 1, 2010 and later, which were being held by Medicare contractors, are being released for processing and payment.  Remember that the statutory payment floors still apply, so 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).

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