Part B News | Editors' Blog

Breaking: CMS finalizes 4.5% rate cut in ’23, confirms E/M trajectory in Medicare PFS

by: DecisionHealth Staff Nov 1, 2022

Start your look-ahead to CY 2023: Payment cuts are coming, significant changes to E/M services are finalized and key reporting revisions are hitting telehealth and audio-only services, according to the final 2023 Medicare physician fee schedule released today.

Proposed payment cuts that drew vocal criticism from physician advocacy groups will move forward as planned, as CMS announced a 4.5% reduction to the CY 2023 Medicare Part B conversion factor (CF), effective Jan. 1.

Breaking: Proposed PFS chops fees 4%, approves E/M remake, previews code changes

by: DecisionHealth Staff Jul 7, 2022

Payment cuts are in the offing for Part B providers in 2023, along with a series of other projected changes targeting E/M services, COVID-related billing flexibilities and value-based care, according to the proposed 2023 Medicare physician fee schedule released today.

After legislative reprieve buoyed fees in 2022, CMS again is taking a hack at its primary rate-setting mechanism. The proposed 2023 conversion factor is $33.08, down $1.53, or 4.4%, from the current-year conversion factor of $34.61, according to the 2,066-page proposed rule.

CY2022 Medicare PFS cuts conversion factor, revamps billing policies

by: DecisionHealth Staff Nov 2, 2021

The final 2022 Medicare physician fee schedule is out, and the terms are in: Medical practices will confront key updates to split/shared services, critical care episodes and billing privileges, as well as a cut to the conversion factor that trims it nearly 4%.

Scheduled pay cuts, nearing 10%, could derail physician practices: Survey

by: Richard Scott Oct 14, 2021

The payment cuts that are on track to hit physician practices Jan. 1 could have sweeping implications for the health care industry. Compensation levels for physicians, a potential hiring freeze and staff layoffs and population health initiatives are all factors at stake, a new survey from AMGA reveals.

CMS cuts conversion factor, offers PAs billing privileges, takes aim at E/M services

by: DecisionHealth Staff Jul 13, 2021

In a sprawling Part B fee schedule released today, CMS proposed a 4% decrease to the Medicare conversion factor, revised policies for numerous E/M services, physician assistant billing freedoms and a loosening of telehealth coverage policies.

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