Question:
What are the CMS market baskets used for?
Answer:
The CMS market baskets are used to update payments and cost limits in the various fee-for-service CMS payment systems. The CMS market baskets reflect input price inflation facing providers in the provision of medical services. Will apply a reporting factor of 0.9805 to the OPPS payments and copayments for all applicable services.
This question was answered in our annual Cardiology Reimbursement & Compliance Update webcast. For more hot topics relating to cardiology services, please visit our store or call us at 1.800.252.1578, ext. 2.