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Preparing for potential changes to Medicare payment in CY 2023

Federal Policy Resource - May 25, 2022

Medicare Payment Policies

Reimbursement

During the COVID-19 pandemic, the financial resiliency of practices has been tested. The pandemic challenged medical practices’ financial models with significant changes in patient volumes, shifts in costs for COVID-19-related care, not to mention other difficulties, such as staffing shortages. Additionally, several policy changes to Medicare payment have been simultaneously implemented, further challenging practices’ ability to stay financially viable.

The following overview of slated changes to payment in CY 2023 will help practices better understand their financial future as it relates to changes in Medicare payment rates and value-based care incentives. MGMA Government Affairs is currently working with policymakers to mitigate these impending cuts.

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