Late 2011, State of Illinois went through another reform in Workers’ Compensation as signed by Governor Quinn. Besides other significant changes, the change that would affect medical providers the most would be the NEW WC Medical Fee Schedule, and the WC Medical fee schedules were slashed 30%.
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As the owner of a medical corporation, professional service corporation or limited liability company you must file forms to keep your entity & registration.
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Recent legislation signed by President Trump significantly dampened the 2021 Medicare Part B premium increase that would have occurred, given the estimated growth in Medicare spending next year. The standard monthly premium for Medicare Part B enrollees will be $148.50 in 2021, an increase of $3.90 from $144.60 in 2020. CMS also announced that the annual deductible for Medicare Part B beneficiaries is increasing.
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Although the list below is not exhaustive, it does contain many of the critical deadlines and vital tasks for the end of 2018. Please take a moment to ensure you have all your bases covered.
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Federal law gives authority to the Office of Inspector General (OIG) to impose Civil Monetary Penalties to practices that hire an employee/contractor who has been excluded from Medicare (or other federal programs). If the employee/contractor is involved in any part of service to the Medicare (or other federal program) patient, it can create a penalty liability as much as $10,000 PER service rendered.
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The American Chiropractic Association announced yesterday that effective January 1, 2014, the BCBS Federal Employee plan will “now cover any licensed medical practitioner for covered services performed within the scope of that license, as required by Section 2706(a) of the Public Health Service Act (PHSA).”
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You may have heard about the “Health Information Technology for Economic and Clinical Health (HITECH) Act” and its impact on physician practices. The HITECH law is significant to physician offices because it comprehensively affects HIPAA rules on privacy, security, breach notification, and enforcement.
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Today (September 1, 2011) many parts of the new Workers’ Compensation Act take effect and the ICS wants to ensure you know what changes occur, and what steps you need to take. Already our office has received phone calls from doctors with stories of employers claiming chiropractic ineligibility. So first, I would print out an updated Workers’ Compensation Handbook to distribute to your patients and for your own records:
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