CMS is instructing contractors to update all claims processing files to use the updated locale-specific conversion factors. Claims paid using the originally published conversion factors will not be automatically reprocessed.
The updated locale-specific conversion factors are all slightly greater than the originally published figures, according to the ASA. Increases range from $0.08 to $0.13 per unit, or an increase of 0.42 percent to 0.59 percent above the originally posted figures for 2012.
Related Articles on Anesthesia:
Surgery Center of Pennsylvania Selects Premier Anesthesia
Judge Bars Use of Unapproved Anesthetic on Death Row Inmates
Anesthesiologists Have Highest Income in Minnesota
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.