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ACTION NEEDED TO SAVE O&P FEES
On Monday, deliberations on the 2008 Medicare
Bill and DME competitive bidding program hit a major delay at crucial and risky
juncture. The Baucus Bill, S. 3101, omits the DME fix, but the prospect is
looming that a revision could impact O&P with the inclusion of a potential
multi-year fee schedule reduction across DMEPOS.
A grand push is on in
Congress to crank out a 2008 Medicare law. The immediate stimulus is that
if Congress does not act by June 30, Medicare payments to all of the nation's
physicians will automatically be cut by a little over 10 percent as of July
1. The House is standing by the CHAMP bill they passed last year, waiting
for some action by the Senate. In the Senate, however, there is a drumbeat
building for inclusion of the DME competitive bidding delay in a second version
of the Baucus bill that is being drafted to be unveiled later this week.
This poses a huge potential threat to O&P, even though we are not presently
included in the first rounds of competitive bidding. On Monday, May 5, AOPA’s executive director
Read
more about this issue here.
Click here to
see how you can take action now!
AOPA members should check their
current credit card processing rate to determine whether it makes sense to
switch to the AOPA Chase Paymentech
program with processing fees as low as 1.9%. Savings can amount to “found”
dollars for the bottom line. As an example, if your current rate is 2.5%
or more and you process $500,000 annually in credit card payments – the .6%
savings can mean another $3,000 to the bottom line. That’s like a patient care
facility getting a 200% return on their annual dues investment in AOPA. Or it’s the same as getting two
years of AOPA membership free!
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