The Centers for Medicare & Medicaid Services (CMS) put a temporary hold on Medicare claims in March. The pause in processing resulted from pending legislation to extend the removal of the 2% sequestration cut to Medicare reimbursement. On April 13, Congress voted to continue the sequestration relief through the end of the year. Signed into law the next day, the move by the federal government was welcomed by physicians across the nation. No delay in payment processing is expected as a result of the temporary hold.
Elizabeth Woodcock is the founder and principal of Woodcock & Associates. She has focused on medical practice operations and revenue cycle management for more than 25 years. She has led educational sessions for a multitude of national professional associations and specialty societies, and consulted for clients as diverse as a solo orthopaedic surgeon in rural Georgia to the Mayo Clinic. She is author or co-author of 17 best-selling practice management books, to include Mastering Patient Flow and The Physician Billing Process: Avoiding Potholes in the Road to Getting Paid. Elizabeth is a Fellow in the American College of Medical Practice Executives and a Certified Professional Coder. In addition to a Bachelor of Arts from Duke University, she completed a Master of Business Administration in healthcare management from The Wharton School of Business of the University of Pennsylvania. She is currently a doctoral student at the Bloomberg School of Public Health of Johns Hopkins University.
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