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Physician Fee Schedule In Brief

This article was originally published in The Gray Sheet

Executive Summary

CardioNet fails to gain national reimbursement rate: Wireless medical technology firm CardioNet is disappointed with the calendar 2011 Physician Fee Schedule proposed by CMS on June 25, which leaves payment for the firm's MCOT Mobile Cardiac Outpatient Telemetry services to the discretion of local Medicare contractors. "We will work diligently during the public comments period to request that CMS change its recommendation to one that is more beneficial to Medicare recipients who depend on MCOT," CardioNet CEO Joe Capper said in a June 28 news release. The company said it will address the matter further when it releases its second-quarter 2010 results in late July. Late last summer, Medicare contractor Highmark dropped reimbursement for MCOT by one-third (1"The Gray Sheet" Sept. 7, 2009)
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