GAO: New payment rates for Part B lab tests may lead to billions in overpayments
Source: The Bottom Line
This post originally appeared on December 10, 2018 in Revenue Cycle Advisor.
Medicare’s new method of calculating payment rates for laboratory tests, intended to reduce Medicare spending by $360 million in the first year, could cost the agency billions in overpayments, according to a recent report from the U.S. Government Accountability Office.
CMS established new payment rates for Medicare Part B laboratory services, effective in 2018. CMS was required under the Protecting Access to …