A Little Reprieve for Physician Pay Cuts

Medicare Advantage Plans

A 3.4% Medicare physician pay cut took effect on January 1, 2024. However, thanks to the passage of a new federal spending bill, this cut was reduced to 1.68% as of March 9. This reduced cut and the corresponding new conversion factor of $33.2875 will remain in effect through Dec. 31, 2024.

For more information, check out the revised 2024 Medicare physician fee schedule.

Caroline Fife, MD

Dr. Fife is Co-Founder and Chief Medical Officer of Intellicure, Executive Director of the US Wound Registry, and Editor of Today’s Wound Clinic.

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