Becker's Healthcare December 6, 2023
In November, CMS announced plans to reduce overall physician pay by 1.25% in 2024 and update the conversion factor to $32.74, a 3.4% decrease over last year, much to the chagrin of physicians and ASC leaders alike.
Organizations and leaders, including the American Medical Association president, have issued statements criticizing the decision, noting that the Medicare Economic Index, which measures medical practice cost inflation, increased 4.6%, the highest in the last 23 years.
Physicians, including orthopedic surgeon Adam Bruggeman, MD, are prioritizing fixing the payment system in 2024, meeting with legislators in Washington, D.C., to address reform options.
“My top priority is working toward a permanent fix to the Medicare physician payment system. We have gained significant...
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