The Medicare Payment Advisory Commission (MedPAC), the independent agency that advises Congress on the Medicare program, recently released its latest Health Care Spending and the Medicare Program databook. This annual report is a treasure trove of useful and fascinating data.
The July 2021 edition provides us with the latest pre-pandemic details on the buy-and-bill market in Medicare Part B.
As you will see below, the Part B spending data look like Groundhog Day all over again. Medicare payments continued to their shift from physician practices to hospital outpatient departments.
Early data suggests that the COVID-19 pandemic has accelerated hospital’s acquisitions of physician practices, suggesting that we’ll keep talking about the shift in sites-of-care—even if you are sick of these dolphins.
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