Congressional Action on Physician Fee Cut Up in the Air

In November 2023, the Centers for Medicare and Medicaid Services released the Calendar Year 2024 Medicare Physician Fee Schedule Final Rule, which reduced reimbursement for physician fee services by 3.4%. The fee cut for 2024, was the result of the fee schedule conversion factor being reduced from $33.89 to $32.74 and the expiration of the statutory payment increase of 2.5% for CY 2023....
By: McGuireWoods Consulting