HHS said if Medicare reimbursement rates cannot be used, then PCIP plans must pay 50 percent of billed charges or use a “relative value scale pricing methodology.” The rule does not apply to prescription medications, organ transplants, dialysis or durable medical equipment.
The lower reimbursement rates are related to shrunken funding due to changes in fiscal policy, such as sequestration, according to the rule. The agency will accept comments on the rule through 60 days after the rule is entered into the Federal Register, expected Wednesday.
More Articles on Pre-Existing Conditions:
GOP’s High-Risk Funding Plan Too Risky for Some
6 Characteristics of the Newly Insured Under PPACA
Medicare Updates Coverage Determinations for ICD-10
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.