Becker's Healthcare February 16, 2024
In wake of CMS’ finalized physician fee schedule, which cut physician pay by 3.4% compared to last year despite rising inflation and practice costs, some practices and physicians made the decision to drop Medicare patients.
When adjusting for inflation, Medicare already pays around 26% less than it did in 2001 to physicians, with the disparity increasing in 2024. Further, the Medicare Economic Index, which measures medical practice cost inflation, increased 4.6% — the highest jump in the last 23 years.
These figures are enough to make practices reevaluate their financial policies. Becker’s connected with three ASC leaders to discuss whether dropping Medicare patients is part of their 2024 game plan.
Note: These responses have been edited lightly for length...
Today's Sponsors
Today's Sponsor