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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.
 
 
If you’ve been following the split (or shared) and critical care saga you know that Medicare announced in the final 2022 Medicare physician fee schedule that it would require new modifiers with the services.
 
 
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%.
 

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