CEO SUMMARY: CMS wanted more power to cut the prices it pays for clinical lab testing. A significant part of the lab industry wanted more transparency and consistency in how CMS established coverage guidelines and prices for new lab tests. Congress appears to have attempted to craft a law intended to support both objectives. Now, […]
New Federal Law Changes How CMS Sets Lab Prices
CMS and entire laboratory industry to embark on a complex, untried new pricing methodology
- By Robert Michel
- > From the Volume XXI No. 5 - April 7, 2014 Issue
- Tags: billing codes, cap, capitated payment, clfs, clinical diagnostic laboratory, clinical lab, clinical lab test, clinical lab testing, clinical laboratories, Clinical Laboratory, Clinical Laboratory Fee Schedule, clinical laboratory industry, clinical laboratory service, clinical laboratory services, clinical laboratory test, clinical laboratory testing, clinical laboratory tests, dark report, diagnostic lab, diagnostic laboratory, diagnostic laboratory tests, Fee-for-service, hie, hospital laboratories, ICD-10, impac, implementation of icd-10, lab administrator, lab executive, lab industry, lab manager, lab managers, lab test, lab test prices, lab testing, lab tests, laboratories, laboratory companies, laboratory fee schedule, laboratory industry, laboratory service, laboratory services, laboratory test, laboratory testing, laboratory tests, managed care, managed care plan, managed care plans, medicaid managed care, medicaid managed care plan, medicaid managed care plans, Medicare, Medicare Part B, pathologists, private payer, the dark report, the laboratory
