Becker's Healthcare April 3, 2023
CMS finalized its Medicare Advantage rates for 2024, and the final rule includes a slew of changes in coding and risk adjustment rates.
The biggest changes will be phased in over three years, but payers can begin examining the impact to their health plans now.
Gen Gillespie, chief revenue officer at Belong Health, told Becker’s not every health plan has processed the impact this ruling will have yet.
“A lot of the small, local health plans are really, largely unaware that this will be happening, which is another unfortunate consequence,” Mr. Gillespie said. “I think the larger carriers are more prepared to absorb this impact than the local health plans.”
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