PHYSICIAN SPECIALTIES HIT HARDEST BY MEDICARE SPENDING IN 2020
Physician Specialties Hit Hardest by Medicare Spending in 2020
JACQUELINE LAPOINTE – REVCYCLEINTELLIGENCE.COM
Medicare spending on physician services decreased by $9.4 billion, or 19 percent, in the first half of 2020 because of the COVID-19 pandemic, according to a new analysis from the American Medical Association (AMA).
The analysis of Medicare Physician Fee Schedule claims from January to June last year found that Medicare spending dropped by as much as 57 percent below expected pre-pandemic levels, with the largest reduction observed in April 2020.
Spending levels had recovered to about 12 percent below pre-pandemic levels by June.
Sign up to receive our insights straight to your inbox!