Chief Healthcare Executive November 3, 2023
CMS finalizes the physician fee schedule and outpatient payments, drawing plenty of criticism.
Physicians and hospitals aren’t happy with the federal government’s planned payments for 2024.
On Thursday, the Centers for Medicare & Medicaid Services announced plans for payment schedules for doctors and outpatient services. Both final rules engendered significant criticism.
Payments for doctors
The CMS has approved a 3.4% reduction in the conversion factor, the formula used to determine Medicare’s physician payments, in 2024.
Jesse M. Ehrenfeld, president of the American Medical Association, called it “a recipe for financial instability.” He adds the cuts continue a two-decade pattern of reductions in payments to doctors.
Ehrenfeld says the cuts are especially ill-timed in light of Medicare’s own estimate of a...
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