07/12/2022    

MEDICARE NEWS

CMS Pitches Physician Payment Decrease for 2023

 

CMS released its annual proposed changes to the physician fee schedule for 2023 on July 7, which includes a proposed $1.53 conversion factor decrease. The proposed physician fee schedule conversion factor for 2023 is $33.08, down from $34.61 in 2022.

 

The proposal considers a statutory requirement that the conversion factor for 2023 remain flat as well, due to the expiration of the 3 percent increase in physician fee schedule reimbursement payments in 2022 that was required in the Protecting Medicare and American Farmers From Sequester Cuts Act. The 60-day comment period closes on Sept. 6.

 

Source: Anrew Cass, Becker's Hospital Review [7/8/22] via Dr. Allen Jacobs