Becker's Healthcare November 12, 2024
Physicians are increasingly concerned about independent practice viability amid another 2.83% cut by CMS.
“It’s nothing new. We face these challenges every year,” Nolan Lubarski, CEO of the Center for Neurosciences, Orthopaedics, & Spine, a physician-owned multispecialty practice in Dakota Dunes, S.D., told Becker’s.
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 inflation, according to a new study from the Harvey L. Neiman Health Policy Institute.
Declining reimbursements are particularly tough for independent groups, Mr. Lubarski added, as the cost of practicing medicine continues to rise.
“Physicians are motivated by patient interactions, but with reimbursement challenges, they’re forced to...
Today's Sponsors
Today's Sponsor