Originally scheduled for March 1, the 2 percent Medicare pay cut for physicians related to the across-the-board budget cuts from the sequester won't begin until April 1, according to a Medscape report.
Healthcare industry leaders have condemned the cuts, according to the report, and the sequester reductions could result in $11 billion in lost revenue to providers who accept Medicare. An American Medical Association, American Hospital Association and American Nurses Association report found that the cuts could also mean 766,000 lost jobs in healthcare by 2021.
The possibility remains for a retroactive solution for sequestration.
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Sequestration Set to Kick in, Cut Medicare by Billions
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Healthcare industry leaders have condemned the cuts, according to the report, and the sequester reductions could result in $11 billion in lost revenue to providers who accept Medicare. An American Medical Association, American Hospital Association and American Nurses Association report found that the cuts could also mean 766,000 lost jobs in healthcare by 2021.
The possibility remains for a retroactive solution for sequestration.
More Articles on Physician Payments:
Sequestration Set to Kick in, Cut Medicare by Billions
5 Big Out-of-Network Myths Debunked for ASCs
ASC Reimbursement Trends as a Percentage of HOPD