How neurologists are paid: Part 1: The Medicare payment system.
Donofrio PD, Barkley GL, Cohen BH, Evans DA, Esper GJ, Soronson B, Buchhalter JR, and Becker A. How neurologists are paid: Part 1: The Medicare payment system. Neurol Clin Pract 2015; 5(5):397-404.
Neurol Clin Pract
Neurologists are facing yearly reductions in reimbursement for rendered services. These reductions arise from changes by Medicare, Medicaid, and third-party payers to achieve cost savings. In Part 1, we discuss reimbursement for office visits and procedures, the relative value scale, the conversion factor used by Medicare to transform work into payments, and the recently repealed sustainable growth rate. The establishment of new codes for transitional care and chronic care management may augment the salaries of neurologists who care for patients with chronic conditions. Medicare's recent elimination of payment for consultations and the bundling of nerve conduction studies have dramatically affected reimbursement. Large discrepancies remain between compensation for procedures and office visits.