Fierce Healthcare May 17, 2024
Updated: May 17, 3:30 p.m. ET
Below is a roundup of payer-centric news headlines you may have missed during the month of May 2024.
Senate white paper on Medicare doc pay reform
The Senate Finance Committee released a paper May 17 that would redesign how doctors are paid by Medicare and incentivize alternative payment models.
Medicare’s physician fee schedule spending exceeded $91 billion in 2022, or approximately 17% of traditional Medicare spending.
The white paper (PDF) advocates for including inflation-related annual adjustments, as recommended by clinician organizations, to the physician fee schedule conversion factor. It also raises concern surrounding the “sustainability of owning and operating a physician practice” as hospitals continue to get acquired.
“The way Medicare pays doctors for...
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