Medical Economics January 31, 2023
Navigating Medicare’s pay cut and other changes that will affect your reimbursement
First came inflation, with even the cost of basic office supplies eating into profit margins that were already thin. This was followed by staffing shortages that further drove up payroll expenses. Then, at the end of 2022, Medicare reimbursement cuts loomed.
The threatened cuts were an almost annual occurrence by this point, with Congress always rallying at the last minute to stop them — but not this time. And the cuts for this year came amid a challenging financial environment.
Yes, the cuts were reduced from what had been proposed, but the sting still hurts. The more Medicare patients on a patient panel, the bigger the likely financial...