McKnight's December 21, 2023
A 3.4% physician fee cut that affects key nursing home services is set to go into effect Jan. 1, and Congress did nothing to provide relief before adjourning for its winter recess.
The cut included in the 2024 Physician pay rule, which was finalized by the Centers for Medicare & Medicaid Services in November, affects doctors working in nursing homes and other long-term care settings, as well as pay for therapists and other ancillary services.
In the last few years, Congress has moved to offset similar reductions, which don’t necessarily reflect true costs of physician services but are required if CMS decides to put a greater share of its funding toward other types of care.
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