Physicians face a 2.83% reimbursement cut unless Congress takes action

Medical Economics November 4, 2024
Todd Shryock

The final CMS rule for the Physician Fee Schedule boosts primary care, but advocacy groups say the reimbursement cuts are untenable.

CMS finalized the 2025 Medicare Physician Fee Schedule and physicians are facing a 2.83% cut.

In accordance with update factors specified in law, finalized average payment rates under the PFS will be reduced by 2.93% in 2025 compared to the average payment rates for most of 2024. The change to the PFS conversion factor reflects the 0% update required by statute for 2025, the expiration of the 2.93% temporary increase in payment amounts for 2024 required by statute, and a small budget neutrality adjustment necessary to account for changes in valuation for particular services. This amounts to a finalized...

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