“The
Medicare, Medicaid, and SCHIP Extension Act of 2007
made several changes affecting payments to
physicians. One such change provides for a 0.5
percent increase to the physician fee schedule
conversion factor for January 1 through June 30, 2008,
instead of the -10.1 percent that was scheduled to
take place. As of July 1, 2008, the -10.1 percent
update to the physician fee schedule will go into
effect.
Since
there is a change to the 2008 Medicare Physician Fee
Schedule rates, CMS is extending the Participation
Enrollment Period an additional 45 days. The
participation decision period now runs through
February 15, 2008, instead of ending on December 31,
2007. All participating status changes will be
effective January 1, 2008.
To become a participating
physician, complete the CMS 460 form which can be
found on the CD that was mailed to physicians in
November. The form is also available on our web site
at
www.medicarenhic.com
. The CMS 460
form must be post-marked by February 15, 2008, and
sent to the following address:
NHIC,
Corp.
Provider Enrollment
P.O. Box 2812
Chico,
CA
95927-2812
Also,
if changing your par status to nonpar, please send
your request in a letter to the above address,
post-marked by February 15.”
