CMS Releases Rules on 2024 Payment under Hospital Outpatient and Ambulatory Surgical Center Payment Systems and Physician Fee Schedule, as well as Rule on Reimbursement for 340B Purchased Drugs

Lexology November 14, 2023
Ropes & Gray LLP

On November 2, 2023, the Centers for Medicare & Medicaid Services (“CMS”) released the final rules for the federal fiscal year (“FFY”) 2024 outpatient prospective payment system (“OPPS”) and ambulatory surgical center (“ASC”) payment system, 340B drug reimbursement, and FFY 2024 physician fee schedule (“PFS”). In August 2023, just after the publication of the OPPS proposed rule, we circulated an alert summarizing key aspects of CMS’s proposals. Below is a quick summary of what CMS determined regarding each of the following topics in the OPPS/ASC and 340B final rules: A. Increased and New OPPS Payments; B. Payment for 340B Drugs; C. New Public Reporting Requirements for Hospitals’ List of Charges and Other Data; D. Policies for Rural Emergency Hospitals; and...

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