Healthcare DIVE November 4, 2024
Physicians will see their Medicare reimbursement fall 2.9% next year if Congress doesn’t stop the cuts. Meanwhile, reimbursement for hospital outpatient departments is rising 2.9%.
The Biden administration has finalized 2025 Medicare reimbursement rates for physicians and hospital clinics that providers agree aren’t large enough in light of rising costs.
Physicians will see their Medicare rates drop 2.9% next year. The decrease, which is in line with regulators’ initial proposal this summer, means $1.8 billion less in funding going to doctors in 2025.
Meanwhile, the CMS finalized a 2.9% rate update for hospital outpatient departments and ambulatory surgery centers, up from the 2.6% regulators proposed this summer. Hospitals should get an additional $2.2 billion next year from the new rates,...
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