Tag: Physician services

CHICAGO – Medicare spending on physician services fell an estimated $13.9 billion, or 14% below expected levels, in 2020, according to a new report from the American Medical Association. Despite a mid-year rebound after sharp declines early in the year, spending during 2020 never recovered to pre-pandemic levels, the report found. “Physicians experienced a significant and sustained drop in Medicare revenue during the first 10 months of the pandemic,” said Gerald Harmon, MD, president...

CHICAGO – Medicare spending for physician services dropped as much as 57% below expected pre-pandemic levels in April of 2020, according to a new report from the American Medical Association.  During the first half of 2020, the cumulative estimated reduction in Medicare physician spending associated with the pandemic was $9.4 billion, the report says.   “The economic impact of the COVID-19 pandemic has placed significant financial stress on medical practices...