Becker's Healthcare November 4, 2024
Patsy Newitt

CMS finalized a 2.83% physician pay cut in its 2025 Medicare Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System released on Nov. 1.

Here are five things to know:

1. The physician fee schedule conversion factor for 2025 is $32.35, down from $33.29 in 2024.

2. Updated reimbursement increases are based on a projected hospital market basket percentage increase of 3.4%, and then a 0.5 percentage point productivity adjustment. The final rule is 0.3% up from the proposed rule.

3. The move follows a trend of declining physician pay. CMS cut overall physician pay by 1.25% for 2024, and, overall, physician reimbursement amounts per Medicare patient decreased around 2.3% between 2005 and 2021 when accounting for...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: CMS, Govt Agencies, Insurance, Medicare, Physician, Provider
Physicians, hospitals decry 2025 Medicare payment rates
CMS bumps hospital outpatient rates 2.9% in 2025: 10 notes
Can Lawmakers Shrink Medicare Doc Pay Cuts in Time?
CMS Finalizes 2.9% Cut in Physician Payments for 2025, Including for Palliative Care
CMS posts 3 final payment rules: 11 things to know

Share This Article