CMS Announces Proposed Medicare Payment Reduction of 3.4%

 





The 2024 Medicare Physician Fee Schedule proposal includes a reduction of 3.4% to the conversion factor that determines Medicare payment rates. This reduction will widen the gap between practice expenses and reimbursement. If the proposal is approved, the new conversion rate will be $32.7476.

Here are some other key highlights of the CMS proposal:

The proposed changes to Medicare telehealth services would have several effects, including:

  • Reimbursement for telehealth services provided to patients in their homes would be at the non-facility rate, which is typically higher.
  • Telehealth services listed on the Medicare Telehealth Services List would continue to be covered and reimbursed through 2024.
  • Direct supervision by a practitioner through real-time telecommunications would still be allowed through 2024.
  • Split or shared E/M visits could be billed based on history, exam, or medical decision-making, or alternatively, time, until the end of 2024.


    https://www.allzonems.com/2024-medicare-payment-decrease-by-cms/

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