Physician owners are struggling to meet margins as they face skyrocketing operating costs and consistent pay cuts. The cost of running a medical practice increased 39 percent between 2001 and 2021, according to data from the American Medical Association, but physicians aren’t seeing a correlating increase in pay from CMS and insurance companies, Becker’s reports.
Medicare’s physician fee schedule proposed rule for 2023 would reduce the conversion factor by 4.42 percent to $33.08. CMS is also planning to remove the 4 percent statutory pay-as-you-go sequester, which was implemented to offset Congressional spending outside of healthcare. Read more.
