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CMS has published its annual payment updates for physicians, the Medicare shared savings program and outpatient and home health services for 2023.
Here are 15 takeaways from the final rules, published Oct. 31 and Nov. 1:
Physician Fee Schedule rule
1. The conversion factor used to calculate physician reimbursement will decline by $1.55 to $33.06 in 2023, representing a 4.48 percent decrease. CMS said the conversion factor accounts for the expiration of the 3 percent increase in physician fee schedule payments for 2022 — as required by the Protecting Medicare and American Farmers From Sequester Cuts Act — and the budget neutrality adjustment for changes in relative value units.
Meanwhile, HOPD and ASC SOS rates go up.
People don’t like to hear it, but “elections have consequences,” and “they will never love you back.” Let your specialty societies know that cutting fees jeopardizes patient care or just vote with your feet.
If you think that the Feds have your back, “government works,” and “socialized medicine is the answer” then you’re not paying attention.
Here are 15 takeaways from the final rules, published Oct. 31 and Nov. 1:
Physician Fee Schedule rule
1. The conversion factor used to calculate physician reimbursement will decline by $1.55 to $33.06 in 2023, representing a 4.48 percent decrease. CMS said the conversion factor accounts for the expiration of the 3 percent increase in physician fee schedule payments for 2022 — as required by the Protecting Medicare and American Farmers From Sequester Cuts Act — and the budget neutrality adjustment for changes in relative value units.
Meanwhile, HOPD and ASC SOS rates go up.
People don’t like to hear it, but “elections have consequences,” and “they will never love you back.” Let your specialty societies know that cutting fees jeopardizes patient care or just vote with your feet.
If you think that the Feds have your back, “government works,” and “socialized medicine is the answer” then you’re not paying attention.