Visit DOTmed at RSNA, North Hall B, Booth #6608 -- Ask about Clean Sweep Equipment Auctions

Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts


More Industry Headlines

New scattered X-ray method delivers a whole new view of your tooth Measuring structures as small as a billionth of a meter

Breast MR after mammography may catch additional aggressive cancers How clinically significant are multicentric cancers?

Dell announces entry into health care monitor market New device is designed to meet IEC 60601-1 standard

Bilingual patients have better cognitive function after stroke But it may not apply to all bilingual people

Will the future hold compact, tunable X-ray devices made of graphene? May reduce radiation dose and cost associated with current X-ray devices

Canadian hospital clerk who sold maternity records fined $27,000 — hospital facing $308.4 million suit From 1995 to 2014 she sold at least 14,450 records

Google Glass used to treat blocked coronary artery for first time A more economical option

UnitedHealth scaling back efforts in ACA exchanges May quit them entirely in 2017

Discover Cinematic Rendering technology A talk with Dr. Dorin Comaniciu, vice president of Siemens’ Medical Imaging Technologies

Bundled payments to overhaul lucrative total joint replacement surgery sector The new rule will be initially rolled out in 67 metropolitan areas in April of 2016

Medicare cuts shave 2% off doctor payments, EHR program

by Brendon Nafziger , DOTmed News Associate Editor
Many doctors and hospitals across the country wish it were a joke but it's not. A 2 percent cut to Medicare physician and hospital payments goes into effect today, as part of the sweeping cuts to federal spending known as sequestration.

The sequestration comes about from a 2011 law that requires Congress to pass a balanced budget or have the government face more than $1 trillion in across-the-board cuts. So far this year, Republicans and Democrats have failed to agree on a budget deal or shield Medicare payments from the cuts.

Story Continues Below Advertisement

What's the best path to the future of better health? YOURS.

The best way to navigate the evolving healthcare landscape is on a clear path. McKesson’s customizable solutions for radiology & cardiology are scalable to suit your exact size and complexity and provide standards-based integrations.Click for more info

Although the sequester went into effect March 1, the Centers for Medicare and Medicaid Services announced early last month that it would take until April 1 to apply the cuts.

An American Hospital Association spokeswoman said the AHA had not calculated the total financial impact to U.S. hospitals because hospital budgets are too different from each other (some hospitals have more Medicare patients than others, for instance). But she said affected hospitals could "look to jobs and access to services" as a result of the snip.

"Do they need to cut back somewhere? That will play out differently for every hospital."

However, the group did co-commission a September 2012 report from the firm Tripp Umbach, which estimated that close to half a million jobs could be lost in the first year of the sequester, either directly at health care organizations or indirectly at companies supported by their business.

The Congressional Budget Office reckoned the cuts in payments for Medicare services would total some $11 billion the first year they went into effect, and reach $16 billion by 2021.

The Medicare cuts also affect the country's electronic health records incentive program. In a talk at HIMSS13 in New Orleans last month, Dr. Farzad Mostashari, the National Coordinator for Health Information Technology, said the cuts would shave $3 million off his department's $60 million budget.

"Absent a furlough in our hard-working staff, it's going to mean we have a major cut in the contracts that we have," he told attendees . "There's going to be things that the industry expects us to do that providers and patients expect us to do that we simply will not be able to do."


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2015 DOTmed.com, Inc.