Forbes December 26, 2023
On Thursday, July 13, Medicare released its Proposed Rule delineating changes in a variety of Medicare programs including, but not limited to, quality programs, MIPS, rural work, telehealth, etc. The 2,033 page annual epistle of joy delineates programmatic changes proposed for CY 2024. Between the Draft Rule and the Final Rule’s release in the fall, interested parties were invited to comment on the proposals. The Final Rule (FR) was released in early November of 2023.
While varying professional medical associations and others have lamented, and rightfully so, the CY 2024 conversion factor (CF) reduction from $33.89 to $32.74 (a $1.15 or 3.4% reduction), many folks in the healthcare space writ large presume that the 3.4% reduction means their reimbursements, net/net,...
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