Becker's Healthcare December 11, 2023
Medicare physician payment has effectively declined 26% since 2001 — and that is before inflation and the finalized pay cut for 2024 are factored in, according to the American Medical Association.
As the cost of practicing medicine increases and reimbursement declines, many physicians have considered how to cut costs. One way is to no longer accept Medicare patients.
“For the last two years, relative to reimbursement for surgical evaluation and healthcare, we, as an independent practice, had paid six-figure losses for the privilege of taking care of this very special group of patients,” Robert Masson, MD, of Masson Spine Institute in Orlando, Fla., told Becker’s.
“I historically had provided this service happily and understood that the margins were slim....
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