Regulatory issues facing radiology groups in 2024

Sandy Coffta.Regulatory issues facing radiology groups in 2024 We pay a lot of attention to government regulation in healthcare, especially the Medicare Physician Fee Schedule (MPFS), which influences reimbursement not only from Medicare but also from other payers as many commercial contracts are tied to the MPFS. Although it is the object of most focus, the U.S. Centers for Medicare and Medicaid Services (CMS) is not the only agency that regulates healthcare. MPFS As of this writing, Medicare reimbursement for 2024 is nominally 3.4% lower across the board than it was in 2023 due to the statutory calculation that goes into the fee schedule conversion factor. Several pieces of legislation are pending in Congress that would modify the pricing methodology: ul.editorialList li {margin-bottom:6px;} HR 6683, the Preserving Seniors’ Access to Physicians Act of 2023, was introduced December 7, 2023, to make a one-time adjustment to the MPFS for 2024 by returning the conversion factor to the 2023 level. Although there are 56 cosponsors, it is sitting with the House Subcommittee on Health as of December 8 with no further action. H.R. 6545, the Physician Fee Schedule Update and Improvements Act, was introduced December 1, 2023, and it is with the Committee on Energy and Commerce as of December 6. It would make several short-term fixes to the fee schedule, but importantly it would begin to tie the conversion factor adjustment to the Medicare Economic Index, which is a more ...
Source: AuntMinnie.com Headlines - Category: Radiology Authors: Tags: Practice Management Source Type: news