The Centers for Medicare & Medicaid Services (CMS) has issued a new change request (CR) that should be of interest to clinical diagnostic laboratories that submit claims to Medicare Administrative Contractors (MACs) for services provided to Medicare beneficiaries.
CR 9465 provides instructions for the calendar year (CY) 2016 clinical laboratory fee schedule, mapping for new codes for clinical laboratory tests and updates for laboratory costs subject to the reasonable charge payment.
Key points of CR 9465 address:
- national minimum payment amounts;
- national limitation amounts (maximum);
- pricing information;
- organ or disease oriented panel codes;
- mapping information;
- blood product codes;
- transfusion medicine codes; and
- reproductive medicine procedure codes.
The rules governing laboratory billing are complex and ever-changing, which is why more and more clinical and reference laboratories are taking advantage of PGM's laboratory billing services. Over the past 30 years, PGM has developed one of the most effective laboratory financial management services in the country. PGM handles all aspects of billing, including both the technical and professional components.With PGM, labs effectively manage high-volume, small-dollar claims, improve collection rates and gain revenue cycle management insight.