Revenue Cycle Management Blog | GroupOne Health Source

[Infographic] Important Healthcare Deadlines to Remember

Written by Kaitlyn Houseman | December 19, 2013

Healthcare Deadlines Over the Next Few Years

Still trying to figure out the who, what, when and where of the upcoming healthcare deadlines? It can be hard to stay up-to-date with all of the changes with policies and payments. Check out the following timeline to plan for the changes over the next couple of years.

January 1, 2014

Providers Must Attest to Meaningful Use Stage 2

EPs who have met MU stage 1 for 2 or 3 years will need to meet Stage 2 criteria to qualify for incentive payments. However, CMS proposed an extension of Stage 2 through 2016 and beginning Stage 3 in 2017 for those providers that have completed at least 2 years in Stage 2.

New Rules for EFTs

Starting in 2014, doctors, hospitals and health plans have new rules to follow for electronic fund transfer (EFT) and remittance advice transactions. By eliminating administrative obstacles to electronic claim payments, the U.S. Department of Health & Human Services said the new rules will save up to $9 billion over 10 years.

Tax Credits

Individuals in households with incomes below 400% of the federal poverty level qualify for substantial premium tax credit subsidies under the Affordable Care Act.

October 1, 2014

Higher Payments to FQHCs

The healthcare reform law establishes prospective payment system for federally qualified health centers (FQHCs) under Medicare part B, increasing payments by about 30% (with a final rule sometime in 2014).

Switch to ICD-10

As of Oct. 1, 2014, healthcare organizations must convert to ICD-10 coding system. Under the final rule, all health insurers must use a unique health plan identifier (HPID).

January 1, 2015

Employer Shared Responsibility Provisions

In July 2013 the White House delayed by one year the reform law's mandate that employers provide health insurance coverage for their workers. Employers with at least 50 full-time employees must offer health benefits or pay a penalty of $2,000 per full-time employee, excluding the first 30 employees.

Value-Based Payments

The Centers for Medicare & Medicaid Services will apply a value modifier under the Medicare Physician Fee Schedule so payments to physicians emphasize quality of care rather than volume of services.

January 1, 2017

Meaningful Use Stage 3

Centers for Medicare and Medicaid Services calls for Stage 3 to begin in 2017 but only for eligible professionals who have completed at least two years in Stage 2. Federal officials say goals of a simultaneously proposed one-year extension to Stage 2 are to utilize data from Stage 2 to "inform policy decisions" for Stage 3.

January 1, 2018

Tax on High-Cost Insurance

The Affordable Care Act will impose a 40 percent excise tax on the cost of health plans that exceed a certain threshold--$10,200 for individual coverage and $27,500 for family coverage.

Ask us a question about our medical billing and coding services