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V olume 7, N o . 2 February 2012MEDICARE LAB FEE SCHEDULE TO BE CUT BY ANOTHER 2%Congress has passed new legislation that will cut the Medicare Part B Clinical Lab Fee Schedule by 2% effective January
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The medicare lab fee schedule is a listing of fees used by Medicare to pay laboratories for tests and procedures.
Laboratories that provide services to Medicare beneficiaries are required to file the medicare lab fee schedule.
To fill out the medicare lab fee schedule, laboratories need to report the fees for each test or procedure provided to Medicare beneficiaries.
The purpose of the medicare lab fee schedule is to ensure that laboratories are reimbursed appropriately for the services they provide to Medicare beneficiaries.
The medicare lab fee schedule must include the fees for each specific test or procedure provided to Medicare beneficiaries.
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