Becker's Healthcare November 5, 2024
Concerns among physicians about the future of healthcare have intensified following CMS finalizing a 2.83% physician pay cut Nov. 1.
The 2025 Medicare Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System sets the physician fee schedule conversion factor for 2025 at $32.35, down from $33.29 in 2024.
“The CMS pay cut is a disgrace. As every industry in America is being forced to adjust their pricing due to the out of control inflation over the past 2-3 years, physicians are being hammered,” Thomas Loftus, MD, neurosurgeon at the Austin (Texas) Neurosurgical Institute, told Becker’s. “Not only are we not receiving inflation-adjusted increases in reimbursement, but the government is actually continuing to whittle away at our practice...
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