The 2024 Medicare Physician Fee Schedule final rule included a decrease in the conversion factor, which is used to calculate Medicare payments to doctors, which translated to a 3.37% pay decrease from 2023. The Centers for Medicare and Medicaid Services said the cut was necessary to offset increases in payment for other specific types of…
Read MoreFEDERAL TELEHEALTH POLICY Medicare Overall, now that 2023 is over, not much will change federally – for 2024 at least. While the federal COVID-19 Public Health Emergency (PHE) ended last year, the 2023 Consolidated Appropriations Act and the Centers for Medicare and Medicaid Services’ (CMS) 2024 Physician Fee Schedule (PFS) have extended most emergency…
Read MoreCMS released improper payment data and corrective actions in the agency Fiscal Year 2023 Financial Report associated with the payment of the Advance Premium Tax Credit, Medicare Fee-for-Service (FFS), Part C (Medicare Advantage), Part D (prescription drugs) and Medicaid/Children’s Health Insurance Program (CHIP) programs. Improper payments can be overpayments or underpayments or payments…
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