ISMS Advocacy Secures Medicaid Rate Increases for Physicians in 2023 Budget!

June 2, 2023

ISMS applauds the General Assembly for preserving Governor Pritzker’s budget proposal that included a Medicaid rate increase for physicians. This win is the result of unremitting advocacy by your hard-working legislative team!

Of the $250 million in overall Medicaid rate increases, through ISMS advocacy, $25 million will be designated specifically for physician rate increases to begin on Jan 1, 2024, which is half of the upcoming fiscal year. Keep in mind that converting this amount into a full year’s rate would total $50 million. 

ISMS will be working with the Illinois Department of Healthcare and Family Services (HFS) and the members of the General Assembly to implement this overdue budget victory over the next couple of months. In late summer, HFS is expected to issue notice with the exact time frames for these increases to take effect.