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
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
