The effect of CMS’ physician fee schedule on anesthesia

Becker's Healthcare November 28, 2023
Paige Haeffele

Although there are few specific changes in CMS’ 2024 Medicare Physician Fee Schedule that apply directly to anesthesia as a specialty, there are noteworthy changes that anesthesiologists and certified registered nurse anesthetists should know.

Here is a breakdown of three changes to the fee schedule that anesthesiology specialists should note, according to a Nov. 13 post by Anesthesia Business Consultants on its website.

1. The finalized physician fee schedule conversion factor is set at 32.74, a decrease of 1.15 from the 2023 conversion factor. This is equal to a reduction in Medicare provider reimbursement rates of 3.4%.

2. The anesthesia conversion factor for 2024 was set at 20.4349, a 0.69 drop from this year’s conversion factor, equating to a...

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