Healthcare Innovation November 4, 2024
A host of national provider association criticized the 2025 Medical Physician Fee Schedule on Friday
The finalized calendar-year 2025 Medicare Physician Fee Schedule, which the Centers for Medicare & Medicaid Services (CMS) released on Nov.1, is provoking considerable protest from the national associations representing physicians and other providers.
In a press release posted to the agency’s website on Friday, the agency noted that, “By factors specified in law, average payment rates under the PFS will be reduced by 2.93% in CY 2025, compared to the average amount these services were paid for most of CY 2024. The change to the PFS conversion factor incorporates the 0% overall update required by statute, the expiration of the temporary 2.93-percent increase in payment...