New physician reductions under Medicare.
Medicare fee schedule amounts are reduced for new physicians during their first through fourth years of practice with limited exceptions. While these reductions applied prior to the new Medicare payment system, they are impacting many new physicians for the first time under the new system. Previously, the Health Care Financing Administration (HCFA) did not apply the reductions to physicians in group practices. That exception no longer applies.
D006801:Humans; D016345:Medicare Part B; D011216:Practice Management, Medical / Q000191:economics*; D015895:Relative Value Scales; D013997:Time Factors; D014481:United States