Skilled Nursing News December 7, 2021
After therapy providers endured deep cuts to Medicare reimbursement this year, Congressional lawmakers are taking steps to limit reductions in 2022.
A bill introduced on Tuesday would prevent 2% in Medicare sequestration — or at least curb deep cuts associated with the Calendar Year (CY) 2022 Physician Fee Schedule (PFS).
The legislation would delay the 2% sequestration through March 31 of next year, followed by a 1% reduction for three months until June 30.
Should it pass, the legislation “will lessen the impact of upcoming Medicare cuts and protect providers from a revenue cliff coming January 1st,” analysts with Stifel wrote in a note issued Tuesday.
The Support Health Care Providers During the COVID-19 Pandemic Act has bipartisan support...
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