Becker's Healthcare November 28, 2023
Here are five recent CMS moves that are shaping the ASC industry:
1. In its 2024 Physician Fee Schedule Final Rule released Nov. 2, CMS finalized a 3.1% payment rate for ASCs. The rate is based on the projected hospital market basket increase of 3.3%, reduced by 0.2% for the productivity adjustment.
2. The rule also added 11 procedures to the ASC-covered list that were not included in the proposed rule, including total shoulder arthroplasty. ASC leaders were concerned after CMS released its proposed rule in July, which added only 26 dental codes to the ASC-payable list.
3. Additionally, CMS will reduce overall physician pay 1.25% in 2024 while boosting pay for some visits, including primary and...
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