Radiology Business March 28, 2024
Experts issued detailed breakdowns of how recent changes to the Medicare Physician Fee Schedule will impact radiology through the rest of the year.
President Joe Biden signed the 2024 Consolidated Appropriations Act into law on March 9, scaling back the original 3.37% reduction to the conversion factor. With the adjustment, the CF is now 1.77% lower than it was in 2023, at $33.2875, consulting firm Healthcare Administrative Partners noted.
Claims submitted after the signing date through Dec. 31 will use this new rate, depending on whether lawmakers take further action.
“Note that all of these provisions are temporary, limited time adjustments,” HAP VP of Client Services Sandy Coffta wrote March 27. “Several bills are pending in Congress that would make...
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