Becker's Healthcare August 25, 2023
CMS has proposed a new Medicare physician payment schedule for 2024, addressing topics from anesthesia conversion rates to merit-based payment systems.
If the payment schedule is finalized, new policies will go into effect beginning Jan. 1, 2024. The American Medical Association has identified five key provisions in the 2,000 page rule that could significantly impact Medicare physician payments.
1. The proposed rule would reduce the 2024 Medicare conversion factor by 3.36 percent, lowering it from $33.89 to $32.75. The anesthesia conversion factor would also be reduced by about 70 cents.
2. CMS is reducing the estimated utilization assumption of the new E/M add-on code, G2211, from 90...
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