The vote is final. The House of Representatives and the Senate have passed the bill to delay scheduled cuts to physician payments under Medicare and delay the massive switch to ICD-10 billing codes. “So how does it affect abeo and our clients?” I’m sure it will come to no surprise to hear the full impact is yet to be determined. Briefly, here is why.
Only time will tell what comes next. abeo will continue to closely monitor the development of government policies and regulations. We strive to be as proactive as we can given the known and unknown variables and position ourselves to be respond to our clients needs and questions as policies change. Clients will be notified in the coming months of our revised timeline for ICD-10 Implementation and informed on adjustments made as the next deadline is determined.
Amongst these two delays, the bill also passed the following legislation:
abeo Management Corporation (abeo) serves as a leading source of revenue cycle management and practice management with a specialization in anesthesia. The company leverages its people, processes, and software to serve independent practices, surgery centers, hospitals and healthcare systems with a scope of services that include billing, coding, transcription, practice management, and business consulting.