HealthExec July 8, 2022
The Centers for Medicare and Medicaid Services (CMS) released the 2023 Physician Fee Schedule (PFS) proposed rule, and medical associations are not happy with the proposed changes.
Namely, the 2023 plan would actually cut payments by 4.4%, as the proposed calendar year 2023 PFS conversion factor is $33.08, a decrease of $1.53 to the 2022 PFS conversion factor of $34.61.
Physician services that are paid under the PFS are across a variety of settings, including physician offices, hospitals, ambulatory surgical centers (ASCs), skilled nursing facilities and other post-acute care settings, hospices, outpatient dialysis facilities, clinical laboratories and beneficiaries’ homes. Suppliers for technical services are also paid under the PFS when institutional payments are not made. Medicare typically makes payments...
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