The following statement regards the Medicare Patient Access and Practice Stabilization Act of 2024 introduced today by a bipartisan group of lawmakers. The bill would eliminate the looming proposed Medicare Physician Fee Schedule conversion factor reduction and adds an update equivalent to half of the Medicare Economic Index for 2025.
Please attribute this quote to Dana Smetherman, MD, MPH, MBA, FACR, CEO of the American College of Radiology.
"Before it adjourns at the end of the year, Congress must act on this bill to increase the conversion factor and help ensure that radiology practices and all healthcare providers can continue to offer high-quality care.
In the face of increasing costs to provide care and declining reimbursement, ACR continues to lead a physician and non-physician provider coalition to support ongoing efforts that protect patient access to care through sensible reimbursement policies.
As physician payment legislation continues to evolve, lawmakers must continue to work with the House of Medicine to enact this legislation and Medicare payment reform that stabilizes the practice environment and safeguards patient access to lifesaving care.”
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