Becker's Healthcare September 13, 2024
A continued pattern of declining reimbursement amid already challenging economic circumstances has many physicians concerned about what the future holds. Here are three updates physicians should know about reimbursement rates:
1. CMS cut overall physician pay by 1.25% for 2024. The Medicare conversion factor for the new rule is now $32.74, a 3.2% decrease from 2023. Some physicians may face additional cuts due to the cost-performance category of CMS’ Merit-based Incentive Payment System, potentially reducing payments by up to 9%.
CMS has also recently updated the MIPS program to include a total of three reporting categories. In addition to the traditional MIPS reporting, eligible physicians can report under the Alternative Payment Model Performance Pathway or the MIPS Value Pathways....
Today's Sponsors
Today's Sponsor