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.

Facebook
Twitter
LinkedIn

CPT® copyright 2024 American Medical Association (AMA). All rights reserved.

Fee schedules, relative value units, conversion factors and/or related components are not assigned by the AMA, are not part of CPT, and the AMA is not recommending their use. The AMA does not directly or indirectly practice medicine or dispense medical services. The AMA assumes no liability for data contained or not contained herein.

CPT is a registered trademark of the American Medical Association.

CYBER WEEK IS HERE! Don’t miss your chance to get 20% off now until Dec. 2 with code CYBER24