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The field of radiology, with its cutting-edge technologies and intricate procedures, offers a unique opportunity for revenuecyclemanagement (RCM) success. Recent changes, such as the 2024 Medicare Physician Fee Schedule final rule, represent a decrease in reimbursement by approximately 3.37%. Regulatory compliance.
Designed to inform radiology practice management decisions and optimize reimbursement strategies, the Payor Rate Transparency Monitor for Radiology provides visualizations of in-network contracted rates drawn from payer data reported under the Centers for Medicare and Medicaid Services' transparency in coverage final rule, according to XiFin.
According to a recent article from Radiology Business, nearly 3,500 physician practices that provide radiology services disappeared from the Medicare Provider Data Log between 2015 and 2022. Of the associated physicians from these disappearing practices, 46% of them moved to a large multispecialty group.
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