Physician compensation increases for the period of April 1, 2023 to March 31, 2024 will be paid in November 2024.
The Ministry of Health and the Ontario Medical Association have been working together to implement physician compensation increases in accordance with the 2021 Physician Services Agreement (PSA) and the 2024-2028 Procedural Agreement (the Agreement).
The Agreement provides for a 2.8% across-the-board compensation increase on physician payments for the period April 1, 2023 to March 31, 2024.
Reporting
For physicians and groups that receive a monthly Remittance Advice (RA) through the Medical Claims Electronic Data Transfer (MCEDT), the Accounting Adjustment will reflect the 2023-2024 Compensation Increase payment value at the solo physician or group level based on how the compensation increase payment was processed.
The “Compensation Increase Report” will be delivered to the physician via MCEDT. Physicians will be required to provide permission to their appropriate designees for reviewing and/or downloading this report, if they have not already done so.
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