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  2. CMS issued the CY 2024 Physician Fee Schedule (PFS) final rule that announces policy changes for Medicare payments under the PFS and other Medicare Part B payment policy issues. See a summary of key provisions effective January 1, 2024.

    • Background on the Physician Fee Schedule. Since 1992, Medicare payment has been made under the PFS for the services of physicians and other billing professionals.
    • Evaluation and Management (E/M) Visits. CMS is engaged in an ongoing review of payment for E/M visit code sets. For CY 2022, we finalized several policies that take into account the recent changes to E/M visit codes, as explained in the AMA CPT Codebook, which took effect January 1, 2021.
    • Critical Care Services. For critical care services, we are refining our longstanding policies, establishing that: Critical care services are defined in the CPT Codebook prefatory language for the code set.
    • Therapy Services. CMS is completing implementation of section 53107 of the Bipartisan Budget Act of 2018, which requires CMS, through the use of new modifiers (CQ and CO), to identify and make payment at 85 percent of the otherwise applicable Part B payment amount for physical therapy and occupational therapy services furnished in whole or in part by physical therapist assistants (PTAs) and occupational therapy assistants (OTAs) ─ when they are appropriately supervised by a physical therapist (PT) or occupational therapist (OT), respectively ─ for dates of service on and after January 1, 2022.
  3. For the 2022 PFS, the RUC submitted 185 recommendations for individual CPT codes. CMS implemented the recommended work values for 77% of these services and nearly all of the direct practice expense recommendations. CY 2022 will be the final year of transition to the new CMS prices for medical supplies and equipment.

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  4. Nov 2, 2021 · The Centers for Medicare and Medicaid Services (CMS) on Nov. 2 released the 2022 Medicare Physician Fee Schedule (PFS) final rule, addressing Medicare payment and quality provisions for physicians in the next fiscal year. Under the rule, the conversion factor will decrease by $1.30 on Jan. 1, 2022, going from $34.89 to $33.59.

  5. Dec 23, 2020 · The Centers for Medicare & Medicaid Services (CMS) released the 2022 Medicare Physician Fee Schedule and Quality Payment Program final rule on Nov. 2. This rule includes updates to payment rates for physicians and other health care professionals for 2022; expands the use of telehealth for mental health; clarifies policies related to split ...

  6. CMS released the calendar year 2022 MPFS final rule in November. The AAFP summarized the final rule for members. Following the Academy’s comprehensive comments on the proposed rule, the final ...

  7. The Calendar Year (CY) 2022 Medicare Physician Fee Schedule final rule was released on November 2, 2021 by the Centers for Medicare & Medicaid Services (CMS). The annual payment rule sets policy for physicians participating in the Medicare program and makes updates to the Quality Payment Program. AAOS submitted formal comments to CMS in September.

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