Well, folks, the fix is in—the fix for the sustainable growth rate (SGR), that is. In a 92 to 8 vote, the Senate approved the SGR repeal bill, called HR2. In addition to an SGR repeal, the bill also officially extends the therapy cap exceptions process until December 31, 2017. This result is better than no therapy cap exceptions process at all; however, it’s disappointing to know that we came so close to achieving a full repeal of the therapy cap.
Check out our blog post for more information on the SGR and Medicare Senate snafu that could destroy your clinic’s bottom line.
On Wednesday, April 1, 2015, SGR will go into effect, cutting reimbursements by roughly 20% and eliminating the therapy cap exceptions process—which means therapists will face hard caps at $1,940 for OT and $1,940 for PT and SLP combined.