The approximate 10 percent reduction in the anesthesia conversion factor (CF) scheduled to take effect on Jan 1, 2021 has been modified. A statement published by the American Society of Anesthesiologists (ASA) provided the following take on the CAA: The scheduled cut to the anesthesia conversion factor will be reduced to a 3% cut rather than… Continue reading »
CHICAGO – The American Society of Anesthesiologists (ASA) is pleased that a number of ASA’s priorities were addressed in the most recent COVID-19 stimulus bill; some improvements to the final surprise medical bill provisions and partial relief from the previous draconian Medicare cuts scheduled for January 1, 2021. “I believe our specialty will be better off in… Continue reading »
With the publication of the 2021 PFS Final Rule on December 1, the nation’s anesthesiologists and anesthetists were left in dismay, if not disbelief, having been dealt a significant financial setback. The national anesthesia CF for 2021 has been set at 20.0547, down from the 2020 CF of 22.2016. This represents a 9.6 percent decrease in potential anesthesia revenue—from a conversion factor perspective.
Starting Oct. 5, you can apply to receive funds based on assessed revenue losses and expenses due to COVID-19. The opportunity to receive up to 2% of annual revenue from patient care remains active.
The Department of Health and Human Services opened a portal this morning to allow interested parties to apply for the Phase 3 General Distribution from the CARES Act Provider Relief Fund. The links below will direct you to application instructions and the portal.
