Becker's Healthcare November 2, 2023
Andrew Cass, Nick Thomas and Alan Condon

CMS has released annual payment updates for physicians, hospital outpatient settings and the Medicare Shared Savings Program as well as a remedy for the 340B-acquired drug payment policy.

Physician fee schedule rule

1. The physician fee schedule conversion factor for 2024 is $32.74, a $1.15 (3.4%) decrease from the 2023 conversion factor of $33.89.

2. CMS is finalizing its proposal to make payment when practitioners train caregivers to support patients with certain diseases or illnesses — such as dementia — in carrying out a treatment plan. Medicare will pay for these services when furnished by a physician or non-physician practitioner or therapist as part of the patient’s individualized treatment plan or therapy plan of care.

3. CMS is finalizing...

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Topics: ACO (Accountable Care), CMS, Govt Agencies, Health System / Hospital, Insurance, Medicare, Payment Models, Physician, Provider, Value Based
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