RevCycle Intelligence September 28, 2022
The potential Medicare payment cuts for 2023 reflect the proposed 4.5 percent decrease in the Medicare conversion factor and the 4 percent PAYGO sequester.
As medical groups expect to see Medicare payment cuts in 2023, practices are considering limiting the number of new Medicare patients and reducing clinical staff to ensure financial stability, according to the Medical Group Management Association (MGMA).
The report reflects responses from 517 group practices across 45 states that shared how they plan to respond to the proposed Medicare payment reductions.
The 4.5 percent decrease in the Medicare conversion factor included in the 2023 Physician Fee Schedule (PFS) proposed rule coupled with the 4 percent Pay-As-You-Go (PAYGO) sequester will reduce 2023 Medicare payments by at...
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