HealthLeaders Media July 19, 2024
The proposed 2025 Medicare Physician Fee Schedule puts more financial pressure on providers.
KEY TAKEAWAYS
– Inflation is expected to increase practice costs by 3.6%
– The agency is also increasing its scrutiny of suspicious billing practices.
The proposed 2025 Medicare Physician Fee Schedule puts more pressure on providers’ billing practices as well as their bottom line.
The Centers for Medicare and Medicaid Services (CMS) is poised to cut physician reimbursement by 2.8%, making it the fifth consecutive year of payment cuts. This, along with the anticipated 3.6% increase to practice costs due to inflation, does not bode well for revenues.
“The cost of healthcare is rising. There is clearly inflation in our economy, and having the reimbursement go down...
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