The CVC is stressing that ongoing cuts to office-based specialists under the Physician Fee Schedule are contributing to office-based center closures, health system consolidation, and a deepening of the existing health equity gaps.
WASHINGTON, September 09, 2022 /PRNewswire-PRWeb/ --This week, the CardioVascular Coalition (CVC) submitted official comments to the Centers for Medicare and Medicaid Services (CMS) on the proposed rule for the CY 2023
Physician Fee Schedule (CMS-1770-P).
The CVC letter, addressed to CMS Administrator Brooks-LaSure, emphasizes that ongoing cuts to office-based specialists under the Physician Fee Schedule are contributing to office-based center closures, health system consolidation, and a deepening of the existing health equity gaps.
CLICK HERE TO READ THE COMMENT LETTER.
The letter states, in part, "While the [Biden] Administration has launched a number of initiatives aimed at addressing health inequity through the elimination of disparities in health care, the 2023 PFS Proposed Rule actually threatens to undermine these initiatives in areas throughout the PFS by continuing to phase in the 2022 PFS clinical labor cuts."
It continues, "The incentive is clear for beleaguered PFS providers who may no longer
be able to sustain further cuts in the 2023 PFS Proposed Rule to simply close their centers
and continue the migration to large health systems. As noted by the Medicare Payment
Advisory Commission (MedPAC), 'the preponderance of evidence suggests that hospital
consolidation leads to higher prices.'"
The CVC comment letter goes on to state, "While 'budget-neutrality' sounds like good policy, when it operates within a Physician Fee Schedule that has not kept up with inflation, it results in massive swings in reimbursement and punishes providers irrespective of the value they add to the healthcare system. This is because, while reimbursement under the overall Physician Fee Schedule has increased 11 percent over the last two decades, the cost of running a medical practice has increased 39 percent over that same period."
The mission of the CardioVascular Coalition (CVC) is to advance patient access to cardiovascular care, particularly as it relates to peripheral artery disease (PAD) and coronary artery disease (CAD). The CVC represents physicians and staff in 45 states at over 378 centers where minimally-invasive cardiovascular care services occur.
Media Contact
Grant Herring, CardioVascular Coalition, 2022802554, [email protected]
SOURCE CardioVascular Coalition
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