Becker's Healthcare July 14, 2023
CMS pitched a 2.8 percent average rate increase for ASCs next year in the 2024 hospital outpatient prospective payment system, released July 13.
Five things to know:
1. CMS proposed a 3 percent inflation update factor for both ASCs and hospital outpatient departments next year, and applied a 0.2 percentage point productivity reduction, as required by the ACA to arrive at the 2.8 percent pay increase. The conversion factor for ASCs is $53.397, compared to HOPDs at $87.488, according to an analysis from ASCA.
2. In agreement with the Ambulatory Surgery Center Association’s request, CMS plans to extend the five-year interim period of using the same pay update factor for ASCs and HOPDs by two years, through 2025, due to...
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