MedCity News July 10, 2024
CMS issued its proposed rule for next year’s Medicare physician fee schedule, revealing plans to cut payment rates by 2.8%. Industry groups swiftly expressed their outrage, arguing that reimbursement rates need to keep up with the pace of inflation.
On Wednesday, the Centers for Medicare & Medicaid Services (CMS) released its proposed rule for next year’s Medicare physician fee schedule.
The proposed rule would cut physician’s payment rates by 2.8%. Industry groups reacted with swift outrage, arguing that physician reimbursement needs to keep up with the pace of inflation.
Under the proposal, the conversion factor used to determine physician reimbursement rates for treating Medicare beneficiaries would decrease from $33.29 this year to $32.36 in 2025.
In the hours that...
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