Healthcare Finance News November 21, 2020
The old federal regulations burdened providers with added administrative costs and fear of financial consequences, CMS says.
The Centers for Medicare and Medicaid Services on Friday finalized changes to the Physician Self-Referral Law, also known as the Stark Law, which prohibits a physician from sending a patient for many types of services to a provider that the physician owns, is employed by, or otherwise receives payment from.
WHY THIS MATTERS
These federal regulations have burdened providers with added administrative costs and impeded the healthcare system’s move toward value-based reimbursement, CMS said.
The old federal regulations were designed for a system that reimbursed providers on a fee-for-service basis, in which the financial incentive was to deliver more services. However, the...