Medicare Physician Fee Schedule Rule 2024
In navigating the complex landscape of healthcare regulations, staying abreast of pivotal updates is paramount. The Centers for Medicare & Medicaid Services released its Medicare Physician Fee Schedule rule 2024. According to AHA ,” The Centers for Medicare & Medicaid Services Nov. 2 released its calendar year 2024 final rule for the Medicare physician fee schedule. The rule will cut the conversion factor by 3.4%, to $32.74 in CY 2024, as compared to $33.89 in CY 2023. This reflects the expiration of the 2.5% statutory payment increase for CY 2023; a 1.25% statutory payment increase for 2024; a 0.00% conversion factor update under the Medicare Access and Children’s Health Insurance Program Re-authorization Act; and a budget-neutrality adjustment.“ For healthcare providers seeking a distilled yet comprehensive overview of the 2024 PFS Final Rule, this article serves as an indispensable resource. Responding to the AHA’s call, CMS has postponed the requirement for prac...