RevCycle Intelligence May 20, 2024
A new Senate Finance Committee white paper lays out opportunities for Medicare Physician Fee Schedule reform to improve chronic care and value.
The Senate Finance Committee recently released a white paper outlining where it sees opportunities to reform Medicare physician payment to improve the delivery of chronic care and improve the Physician Fee Schedule’s value to clinicians and beneficiaries.
Senators identified changes to Medicare fee-for-service (FFS) through the Physician Fee Schedule and value-based care initiatives in Medicare Part B aimed at reducing overall healthcare spending and improving outcomes for beneficiaries. They said that current payment strategies in both FFS and value-based care systems “may jeopardize a clinicians’ ability to own and operate a health care practice and meet patient needs.”
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