The President signed into law on Friday, June 25, 2010, The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act. The bill was approved by the U.S. House of Representatives by a vote of 417 to 1. The Senate had earlier approved the measure.
The legislation increases reimbursement to providers of outpatient physical therapy for Medicare patients by 2.2% effective June 1, 2010 through November 30, 2010. The Center for Medicare & Medicaid Services (CMS) is expected to begin processing claims submittals at the new rate no later than July 1, according to a letter released by the agency on Friday.
As of the most recent quarter ended March 31, 2010, Medicare accounted for approximately 23% of U.S. Physical Therapy's billings.
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