HealthLeaders Media December 1, 2023
“The trend in decreased Medicare reimbursement is not sustainable,” chief medical officer says.
KEY TAKEAWAYS
– The 2024 Physician Fee Schedule cuts the dollar figure assigned to a relative value unit, which is a key element of Medicare physician payments.
– Most physicians are employed by health systems and hospitals, which will bear the brunt of the payment cut.
– The CMO of Davis Health System says Medicare reimbursement reform needs to go beyond physician payments and extend to expanding value-based payments.
A 3.4% conversion factor reduction in Medicare’s 2024 Physician Fee Schedule final rule will make a bad situation worse for healthcare providers, says Catherine “Mindy” Chua, DO, chief medical officer of Davis Health System.
The conversion factor is...
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