Skip to main content

New 2024 CMS proposal includes almost 3.4% cut in Medicare physician fees

   July 21, 2023

As part of the calendar year (CY) 2024 Physician Fee Schedule Proposed Rule and other Medicare Part B issues, CMS has proposed a nearly 3.4% cut to the conversion factor to the schedule. In response, many physician groups have expressed concern.

Medicare applies the conversion factor to relative value units to calculate reimbursement for certain services and procedures in the fee-for-service system, and the proposed conversion factor of $32.74 in 2024 would mean a 3.4% cut from 2023’s $33.88 rate.

Full story

Tagged Under:

Get the latest on healthcare leadership in your inbox.