Becker's Healthcare July 10, 2024
CMS released its annual proposed changes to the physician fee schedule for 2025 on July 10, which includes a proposed 93 cent (2.8%) conversion factor decrease from 2024.
The proposed physician fee schedule conversion factor for 2025 is $32.36, down from $33.29 in 2024, according to a July 10 CMS news release.
The proposal was met with criticism by both the American Medical Association and the Medical Group Management Association.
“With CMS estimating a fifth consecutive year of Medicare payment reductions — this time by 2.8 percent — it’s evident that Congress must solve this problem,” AMA President Bruce Scott, MD, said. “In addition to the cut, CMS predicts that the Medicare Economic Index — the measure of...
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