Medicare and Patient Care Trends Heading in the Wrong Direction
From ACG Legislative and Public Policy Council Chair, Louis J. Wilson, MD, FACG
Medicare recently announced yet another slate of reimbursement cuts looming in 2023. Did you know ACG members were already forced into cuts this year? On January 1, 2022, we started with a 0.82% cut. That was part of the aftermath of our hard won “success” in advocating to Congress to stave off more significant cuts that were scheduled for January 2022. Then, our Medicare reimbursement was cut by an additional 1% in April 2022 (Medicare Sequestration).
Yet another round of cuts was implemented in July 2022 – another 1% from Medicare Sequestration. With medical practices reeling from those cuts in the face of the dramatic inflation of the costs of running our practices, now CMS has announced further cuts looming for January 2023.
The patient care, practice management, and reimbursement trends are heading into the wrong direction. Read my full message here.
Great News for ACG Advocates and Patients
The U.S. House of Representatives recently passed an ACG legislative priority, the Advancing Telehealth Beyond COVID-19 Act of 2021 (H.R. 4040). This bill will maintain some of the telehealth exemptions after the end of the federally declared public health emergency. Congratulations ACG members for your advocacy efforts!
The U.S. House of Representatives Committee on Ways & Means also cleared another ACG policy priority, the Improving Seniors Timely Access to Care Act of 2022 (H.R. 8487). ACG advocates and leaders advocated for this important bill and prior authorization reform during the 2022 ACG Advocacy Day in April!
New ACG Practice Management Toolbox Article: Fellowship Done! New Job as a Physician! Now is the Time to Help My Financial Future
From ACG Practice Management Summit Course Director, Vonda G. Reeves, MD, MBA, FACG, and Committee Chair, Stephen T. Amann, MD, FACG
Are you a new physician just getting started in your practice? Check out this week's addition to the Practice Management Toobox, titled "Fellowship Done! New Job as a Physician! Now is the Time to Help my Financial Future." This article contains information and advice on how to put together a basic understanding of your finanaces as you begin your career.