Archive for June, 2013

Sunshine Regulation

Starting August 1, 2013, manufacturers and GPOs will begin reporting payments or ‘transfers of value’ made to physicians or teaching hospitals.  ‘Transfers of value’ can refer to consulting fees, gifts, entertainment, travel/lodging, etc. The Centers for Medicare and Medicaid (CMS) will collect the data annually and publish it on its website at http://www.cms.gov/.

ICD-10 Bill Introduced In The U.S. Senate

The Senate has introduced a bill to repeal ICD-10, following the House’s lead.  A bill seeking repeal of the ICD-10 code set is now in both chambers of Congress after its introduction to the U.S. Senate in April 2013.

The Cutting Costly Codes Act of 2013, would prohibit the U.S. Department of Health and Human Services from implementing, administering or enforcing current regulations that require the new code set to take effect Oct. 1, 2014. The bill was introduced to the Senate May 16 by Senators Tom Coburn, MD, R-Okla., John Barrasso, MD, R-Wyo., Rand Paul MD, R-Ky., and John Boozman, R-Ark.

In addition to repealing implementation of the ICD-10 code set, the legislation also would require a federal study on ways to mitigate the disruption any replacement of the ICD-9 code set would cause for physicians and other health care providers.

Physicians should make preparations for the new code set to avoid disastrous results if ICD-10 is rolled out as planned. Those who aren’t ready by next year’s deadline will not receive payment for their services.