Medicare Participation Kit
Each year physicians have the option of modifying their status with Medicare during Medicare's open enrollment period. The decision period for physicians to change their Participation status for 2015 ends Dec. 31, 2014. As the "Know your options" guide below explains, the decision to opt out of Medicare and privately contract with patients may be made throughout the year.
A 21 percent cut to Medicare payments is scheduled to take effect April 1, 2015 under current law. The AMA’s Fix Medicare Now campaign is working to secure repeal of the formula that leads to this annual threat of steep pay cuts.
There are three Medicare contractual options for physicians:
- Participating (often referred to as "PAR")
- Non-participating (referred to as "non-PAR")
- Private contracting
Whether or not a physician is thinking about modifying their status, it is important to understand the options. Physicians can use the AMA's Medicare Participation Kit to help them evaluate their participation options and choose the direction that is suitable for their practice. The kit contains a detailed explanation of physician options, a calculator and various sample materials for communicating with patients.
Medicare Revenue Calculator
|The Medicare payment calculator will help you estimate how much your total revenues from Medicare patients would change if you switch your status from Medicare participation (PAR) to non-participation (non-PAR).|