U S Physical Therapy Inc's (USPH) Outlook - CSIMarket
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U S Physical Therapy Inc  (NYSE: USPH)
 



  U S Physical Therapy Inc Outlook

On March 11 2024 the U S Physical Therapy Inc provided following guidance

U.S. Physical Therapy Inc. has updated its estimates for the Medicare rate reduction for the year 2024. The company announced that the 3.5% reduction in the Medicare physician fee schedule for therapy services has been addressed in the Consolidated Appropriations Act, 2024. This Act, signed into law on March 8, 2024, has decreased the Medicare reduction for the remainder of the year.

As a result of this change, U.S. Physical Therapy Inc. now estimates that the Medicare rate reduction will be effective starting from March 9, 2024. This adjustment will impact the company's financial outlook for the year, but the exact implications are yet to be determined.

This change in the Medicare rate reduction is expected to have an impact on the company's revenue and profitability for the remainder of 2024. U.S. Physical Therapy Inc. will continue to monitor the situation closely and provide updates as necessary to its investors and stakeholders.





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