The new Medicare Rates have been published and are available on the Medicare Web Site. Below is a link to a sampling of the top E+M Codes you most commonly use to compare the three different rates we have been paid for these codes this year, 2010, by Medicare. If you are interested in receiving a complete copy of the new Medicare Fee Schedule, respond to this article by the link provided and I will forward you the Medicare Fee Schedule.
New Medicare Rates for most commonly used EM Codes
I am happy to report that over the last two days several of our client accounts have started to receive Medicare payments for June dates of service. Please be on the look out for Medicare making direct deposits in your bank accounts if you receive Medicare funds by EFT. We did notice that the dates of service Medicare is paying are not always the first batches we sent to Medicare, therefore we will be monitoring very closely the batches that have not been paid for June and make sure they do not get missed by Medicare.
Our Medical Billers at Medical Management Strategies, LLC, (MMS) have been in contact with Medicare daily and as of today, July 2, 2010, we have the following to report. We have been told by the Medicare Customer Service Department, that June Dates of Service Claims began being processed, yesterday, July 1, 2010. Many of our clients have large amounts of claims in the pending to be paid status in the Medicare payment system. If you are interested in knowing how many claims and the dollar value of those claims in the pending status please call the medical biller at MMS who handles your account and we will be glad to provide to you that information. We are not able to get an exact date of when you will receive the payments for these claims but we have been told that it will be within the next 14 days, so by July 15, 2010, is what we have been told.