Physicians to face largest reimbursement cut
Patient Financial Services Weekly Advisor, November 16, 2007
Doctors and physicians face the largest pay cuts by the Centers for Medicare & Medicaid Services starting January 1, 2008, according to a report by American Medical News.
The final 2008 Medicare physician fee schedule rule institutes an average 10.1% pay cut, effective Jan. 1, 2008.
Where is the money going? It will go to Physician Quality Reporting Initiative (PQRI) and not toward helping physicians adjust to reimbursement claims.
"Congress must step in to replace the cut with payment increases that keep up with medical practice costs," said American Medical Association Board of Trustees Chair Edward L. Langston, MD, in American Medical News. "Next year's 10.1% physician payment cut is bad news for America's seniors as 60% of physicians say the cut will force them to limit the number of new Medicare patients they can treat."
To read the full story in the American Medical News, click here.
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