The Centers for Medicare and Medicaid Services released its proposed Physician Fee Schedule and Revisions to Payment Policies for 2011. The rule, which is titled "Medicare Program; Payment Policies Under the Physician Fee Schedule and Other Revisions to Part B for CY 2011," became available on Friday, June 25, 2010 at 4:15 pm. It will publish on July 13, 2010. The comment period will close August 24, 2010. The rule can be viewed at http://www.federalregister.gov/inspection.aspx#spec_C.
Our very quick read of the impact table shows hematology/oncology will face an overall cut in reimbursement of 1% in 2011. This is not unexpected, as you will recall last year's announcement that a 6% reduction would be phased in over four years. However, it appears that some re-basing against the Medical Economic Index may have slightly reduced the originally planned reductions by 1-2%. We will be analyzing the full impact of the proposed rule and be back with more information.