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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.
 
 
Prepare for several hundred new ICD-10-CM codes now finalized to take effect Oct. 1. On June 16, CMS announced the additions of 395 new diagnosis codes, 25 deletions to the ICD-10-CM code set and 13 revisions. In addition, there are hundreds of changes to tabular instructions added in the addenda for the FY 2024 code set.
 
The proposed ICD-10 code changes — released with the FY2024 Hospital Inpatient PPS (IPPS) proposed rule on April 10 — include new codes to enhance the tracking and progression of Parkinson’s disease, including codes for Parkinson’s disease with and without dyskinesia and Parkinsonism, unspecified.
 
Your providers will find it easier to hit the required time for a prolonged inpatient or observation visit and you’ll find it easier to keep track of threshold times, thanks to a correction to the final 2023 Medicare physician fee schedule.
The Biden administration has announced its intention to end the U.S. COVID-19 public health emergency (PHE) on May 11, 2023. In place since Jan. 31, 2020, the PHE has allowed numerous flexibilities within the Medicare program that will need to be either extended or wound down. 

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