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The conversion factor cuts that CMS floated earlier in the year are now confirmed – and heightened. Part B providers will have to prepare for a net 3.4% payment decrease across services in 2024, according to the final 2024 Medicare physician fee schedule released today.
 
Also, you will find new services moving to active status, such as caregiver training and principal illness navigation, a one-year telehealth parity patch, key value-based care updates and the launch of the much anticipated add-on complexity code G2211.
 
 
The initial proposals for CY 2024 are out, and medical groups should brace for rate cuts: CMS is floating a net 3.4% reduction to the Medicare Part B conversion factor.
 
The agency also provided a sneak peek of an array of new codes, including the return of add-on office visit code G2211, major quality-reporting updates and separate coding opportunities for “community health integration services,” among other changes, according to the proposed 2024 Medicare physician fee schedule released today.
 
 
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.
 
 
First impressions can be deceiving. The descriptor for modifier FT is a prime example.
 
Good news for providers still reeling from the nearly 4% conversion factor cut in the recent Physician Fee Schedule\: a bill passed in the Senate on Dec. 9 is expected to avert 5% in further cuts.
 

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