Lexology July 26, 2022
- The Centers for Medicare & Medicaid Services (CMS) released the Calendar Year (CY) 2023 Medicare Physician Fee Schedule (PFS) Proposed Rule on July 7, 2022, which impacts Medicare Part B payments starting Jan. 1, 2023. Comments are due on 6, 2022.
- The proposed CY 2023 PFS conversion factor is $33.08, a roughly 4.4 percent decrease from CY 2022 due to a zero percent update factor required under the Medicare Access and CHIP Reauthorization Act (MACRA), expiration of a temporary 3 percent positive adjustment to mitigate previous coding changes, and the statutorily-required budget neutrality adjustment.
- CMS proposes several payment policy changes, including rebasing and revising the Medicare Economic Index, revaluing remaining evaluation and management codes, continuing its four-year phase-in...