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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.
 
 
Take a glimpse at the hundreds of CPT coding updates coming in 2024 to prepare your coding and billing staff for a successful turn of the calendar. You’ll find new codes, as well as code revisions, spread throughout the CPT manual, in addition to important guideline updates.
 
Also, nearly 50 codes are on the chopping block. All coding updates, outside of a separately announced COVID vaccine consolidation that takes effect Nov. 1, 2023, will be effective Jan. 1, 2024.
 
 
Make sure you're staying accurate with an overhaul to the COVID-19 vaccine and administration codes. The AMA announced it is deleting a significant number of codes, replacing them with new codes and striking Appendix Q from the CPT Manual.
 
 
You’re invited to take the 2023 Medical Practice Salary & Trends Survey from DecisionHealth, the publisher of Part B News. Your input will help DecisionHealth track and report on the medical practice setting and the medical reimbursement professionals working within it.
 
Medicare decides it will accept place of service 27 (Outreach site/street) “to align with broader CMS efforts to address economic, social, and other obstacles impacting Medicare beneficiary healthcare access.”

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