SEARCH
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

120 device types granted exemption from FDA 510(k) Lung sound monitors, oscillometers, among products no longer needing certification

Welch Allyn partners with PointClickCare to develop senior care solution Connecting data from patient monitor to EHR

Feature: Tomosynthesis: A new gold standard? Find out if tomosynthesis will become the new standard of mamography screening

Olympus hit with new superbug duodenoscope lawsuit More litigation stemming from UCLA Medical Center outbreak

Joint Commission rolls out XR-29-esque rules today New standards require protocol, dose and benchmark changes

Future of clinician training ‘left to chance’ due to lack of medical education research More funding is needed in U.S. and England

Low-dose radiation: Guilty until proven innocent? Researchers call evidence linking cancer to low-dose exposure flawed

Hospital in India treats 10,000th patient with RapidArc radiotherapy About 20 percent of treatments are performed free of charge

First 3-D heart made from multiple imaging techniques Resulting model first step in efficacy study for surgical planning using 3-D printing

Mevion brings Ohio one step closer to proton therapy The superconducting cyclotron accelerator has been delivered

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

IT TAKES SMART TO KNOW SMART

Healthcare is in the midst of a shift toward interoperability, data sharing and value-based care. At McKesson we understand that diagnostic imaging should never be an island of information. Click to see how we can help you fulfill the promise of your EHR



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."

Related:


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

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
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
Quotes
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.
ALL RIGHTS RESERVED