HealthExec December 21, 2022
Congress approved a $1.7 trillion spending bill that includes Medicare payment cuts despite healthcare stakeholders asking Congress to intervene before the cuts go into effect next year.
The cuts were finalized in the 2023 Physician Fee Schedule published by the Centers for Medicare and Medicaid Services (CMS) in November. The PFS comes at a challenging time for the healthcare industry, which has been consistently strained by the COVID-19 pandemic and is now facing higher costs, inflation and a tight labor market.
The spending bill, which was a wide-ranging piece of legislation to fund the country, partially blocked the planned 4.5% cut to physicians, but the reimbursement cut to doctors will grow over the next two years, The Washington Post reported....
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