Lexology November 29, 2023
On November 2, 2023, the Centers for Medicare & Medicaid Services (“CMS”) issued the 2024 Medicare Physician Fee Schedule Final Rule (“Final Rule”) for calendar year (“CY”) 2024. Among other changes, the Final Rule refines and builds on changes finalized in the CY 2023 Physician Fee Schedule Final Rule to the Medicare Shared Savings Program (“MSSP” or “the Program”). These changes become effective on January 1, 2024.
In furtherance of CMS’s goal of having 100% of traditional Medicare beneficiaries treated by a provider in a value-based care model by 2030, the changes are intended to incentivize more Medicare providers and suppliers to join the MSSP and promote long-term participation in the Program. CMS anticipates the changes will increase MSSP participation...
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