MGMA statement on Senate Finance white paper on Medicare physician payment reform (May 17, 2024)

FOR IMMEDIATE RELEASE:
May 17, 2024

Media Contact:
Emily Dowsett
Associate Director, Public Affairs
edowsett@mgma.com
 

MGMA statement on Senate Finance white paper on Medicare physician payment reform

Anders Gilberg
Senior Vice President, Government Affairs
Medical Group Management Association

"MGMA is encouraged to see Senate Finance taking an important step toward meaningful Medicare physician payment reform, examining potential solutions to ensure the financial solvency of medical practices and protect beneficiary access to care. Paramount is the need for an annual physician payment update commensurate with inflation and modernization of the antiquated Medicare budget neutrality policies that can only be described as ‘robbing Peter to pay Paul’. MGMA looks forward to working with the Committee to advance commonsense legislation that will begin to stabilize a Medicare reimbursement system that has long threatened the livelihood of our nation’s medical practices."

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About MGMA

Founded in 1926, the Medical Group Management Association (MGMA) is the nation's largest association focused on the business of medical practice management. MGMA consists of 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA helps nearly 60,000 medical practice leaders and the healthcare community solve the business challenges of running practices so that they can focus on providing outstanding patient care. Specifically, MGMA helps its members innovate and improve profitability and financial sustainability, and it provides the gold standard on industry benchmarks such as physician compensation. The association also advocates extensively on its members' behalf on national regulatory and policy issues.