Medical Economics November 3, 2023
Many say reduction will harm patients, reduce access to care
Doctors’ groups and other health care organizations had divided reactions to Thursday’s release of the 2024 Medicare Physician Fee Schedule (PFS). While they denounced reductions to the Medicare conversion factor, several praised other changes to the schedule.
According to the Centers for Medicare and Medicaid Services (CMS), the 2024 conversion factor will be $32.74. This represents a decrease of $1.15, or 3.4%, from 2023. At the same time, CMS says it is increasing payments for visits for primary and longitudinal care, among other services.
“CMS remains steadfast in our commitment to supporting physicians and ensuring that people with Medicare have access to the care they need to stay healthy as...
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