DecisionHealth, DecisionHealth - 2022 Issue 11 (November)

Pay cuts looming, advocacy groups turn to lawmakers for reprieve

The final 2023 Medicare physician fee schedule that CMS released Nov. 1 confirmed a harsh reality: Medical groups will see a 4.5% cut to the conversion factor (CF) on Jan. 1, 2023, as the CF falls to a rate of $33.06 and sends some charges under the Part B payment system tumbling.

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