BC Advantage - 2024 Issue 4

How Are Radiology Practices Impacted by Annual Changes to the Medicare Physician Fee Schedule?

With passage of the Consolidated Appropriations Act, 2024 (CAA 24), we finally learned the rates that physicians will be paid for Medicare services during the remainder of 2024.   Effective when it was signed by the president on March 9, 2024, the CAA 24 contained several provisions that benefitted physician reimbursement:   The conversion factor (CF) that set the overall rate for the Medicare Physician Fee Schedule (MPFS) was adjusted upward by 1.66% from where it has been since January 1, 2024, to a final rate of $33.2875 per RVU. This makes the Medicare payment rate 1...

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