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Medicare Physician Fee Schedule: Feds Propose to Decrease the Conversion Factor in 2023
Don’t expect another 3% boost for next year.
With COVID still causing trouble and practice costs on the rise due to inflation, many assumed the feds would keep things status quo for the 2023 policymaking cycle. But their proposals indicate otherwise, and Medicare providers may want to prepare now to tighten their belts and get ready for some compliance-related change-ups.
Background: On July 7, the Centers for Medicare & Medicaid Services (CMS) issued its calendar year (CY) 2023 Medicare Physician Fee Schedule (MPFS) proposed rule, continuing its pandemic-inspired focus on health equity and access to safe, affordable healthcare...
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Keep pace with evolving Medicare regulations — and onboard your team — with timely analysis of critical updates interpreted in an easy-to-follow, easy-to-apply format. Your subscription to TCI's Medicare Compliance & Reimbursement Alert will equip you to navigate code and guideline changes, CCI edits, and revisions to modifiers, payer policies, the fee schedule, OIG target areas, and more.
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