Radiology Business August 2, 2024
A leader with the nation’s largest radiology practice is urging fellow physicians to turn their ire over Medicare pay cuts toward Congress, rather than CMS.
The agency announced the latest physician fee schedule on July 10, proposing a 2.8% reduction to the conversion factor used to calculate payments in 2025. This amounts to a roughly 2.8% combined cut for diagnostic and nuclear medicine specialists, along with a 4.8% reduction for interventional radiologists.
Despite raging inflation and rising staff costs, the conversion factor is the lowest it’s been since 1993, Richard Heller, MD, MBA, wrote in an opinion piece for MedPage Today on Wednesday. For context, he noted, a movie ticket was about $4 back then and Blockbuster Video was still...
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