07/17/2023    

APMA NEWS

APMA Sees Some Pluses in Proposed 2024 Medicare Fee Schedule

 

On July 13, CMS issued the calendar year 2024 Medicare Physician Fee Schedule Proposed Rule and Quality Payment Program Proposed Rule. APMA is still in the process of reviewing this almost-2,000-page document. The 2024 Final Rule is expected sometime in November. 

 

CMS proposes a CY 2024 conversion factor of $32.7476, down about 3.4 percent from 2023. Despite this change in the conversion factor, which will impact all physicians, podiatric physicians on average should see no additional aggregate decreases across the codes they typically use. While this outcome is better than recent proposals that decreased payment to podiatrists, APMA—along with other medical societies—will seek relief on the cut to the conversion factor, as has been the case in recent years.

 

Source: APMA Breaking News [7/14/23]