Doctors and therapist that work in nursing homes and assisted living facilities could see there fees cut due to the Medicare budget for 2021
A pending change to Medicare reimbursements could force physicians to take a steep pay cut in order to continue to practicing in post-acute and long-term care — or push them further and further out of the space.
For the year 2021, the Medicare Physician Fee Schedule proposes a range of reductions in reimbursement for various services covered under Medicare Part B.
Therapists could see significant cuts to their reimbursement if the moves take effect next year — as could physicians who provide services in nursing homes and assisted living facilities.
Reason? CMS cannot spend more than a given amount on services paid under the schedule per year. The 2021 fee schedule contains cuts ranging from 8% to 10%
Because CMS is required to “to work under budget neutrality with the fee schedule,” the agency could, in theory, delay the cuts in the schedule if approved by Congress. The idea was presented to congress but the Democrats shot it down.
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