January 2023 pages 1-8
Medicare RBRVS Changes in 2023
Conversion Factor for 2023 (At time of publication on Dec 1, 2022)
On November 1, 2022, the Centers for Medicare & Medicaid Services (CMS) released the Final Rule for the calendar year (CY)
2023 Medicare Physician Payment Schedule (MFS). For 2023, the Medicare conversion factor (CF) will be reduced by approximately
4.5% from $34.6062 to $33.0607. This reduction is largely a result of the expiration of a temporary 3% increase to the CF
at the end of CY 2022 as required by law, as well as a...
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