FOR IMMEDIATE RELEASE:
November 2, 2023
Associate Director, Public Affairs
MGMA statement on CMS' final 2024 Medicare Physician Fee Schedule
Senior Vice President, Government Affairs
Medical Group Management Association
"Despite appeals from MGMA and hundreds of physician organizations, this afternoon CMS finalized a substantial reduction to the 2024 Medicare conversion factor — further increasing the gap between physician practice expenses and reimbursement rates, and dangerously impeding beneficiary access to care. Thankfully, CMS heeded our call and refrained from increasing the MIPS performance threshold from 75 to 82 points, which by its own estimates would have resulted in a majority of eligible clinicians receiving a negative payment adjustment. Congress must pass legislation to stop this downward spiral in the Medicare program and at a minimum avert CMS’ 3.4% cut to the conversion factor. MGMA looks forward to working with Congress to establish a sustainable solution to the Medicare physician payment system, safeguarding medical groups’ ability to continue providing high-quality, accessible patient care."