2025 Medicare physician fee schedule proposed rule

The recently released 2025 Medicare Physician Fee Schedule proposed rule by CMS includes a 0% overall conversion factor update, the expiration of the 2.93% payment increase for 2024, and a 0.05% statutory adjustment needed to offset changes in valuation for the work RVUs of certain services. This results in a proposed estimated 2025 conversion factor of $32.36, a 2.80% decrease from the current $33.29.

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Beneficial Information Reporting Rule compliance

Is your medical practice part of the 32 million entities required to file an initial BOI report? In order to avoid financial and criminal penalties outlined in the Corporate Transparency Act (CTA) that went into effect this year, businesses established prior to January 1, 2024 that are not exempt from filing must do so no later than January 1, 2025!

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Protect yourself from identity theft

Protecting yourself from identify theft and cyberattacks should be a priority for businesses and individuals alike. Check out a few practices to consider that may help prevent identify theft.

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HHS finalizes additional information blocking penalties

The final rule establishes disincentives/penalties resulting in significant financial impact for health care providers that have committed information blocking.

Change Healthcare cyberattack update

Change Healthcare (CHC), a unit of UnitedHealth Group, experienced a cybersecurity incident Feb. 21 impacting physicians nationwide. CHC is used by health systems, health plans, and EFT vendors. and as a result, the impacts of the cyberattack are incredibly significant.

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