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- $33.06The 2023 Physician Fee Schedule (PFS) final rule was issued by the Centers for Medicare and Medicaid Services (CMS) on Nov. 1, 20221. The final rule reduces the PFS conversion factor to $33.06 in CY 2023, as compared to $34.61 in CY 202223. This reflects the expiration of the temporary 3% statutory payment increase, a 0.0% conversion factor update, as required by law, and a budget-neutrality adjustment2. The final rule also addresses public comments on Medicare payment policies proposed earlier this year45.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Centers for Medicare and Medicaid Services (CMS) on Nov. 1 released the final 2023 Medicare Physician Fee Schedule (MPFS), addressing Medicare payment and quality provisions in the coming year. Under the proposal, clinicians will see a decrease to the conversion factor from $34.6062 to $33.0607 as of Jan. 1, 2023.www.acc.org/latest-in-cardiology/articles/2022/11/0…The final rule: Reduces the PFS conversion factor to $33.06 in CY 2023, as compared to $34.61 in CY 2022, which reflects: the expiration of the temporary 3% statutory payment increase; a 0.0% conversion factor update, as required by law; and a budget-neutrality adjustment.www.aha.org/special-bulletin/2022-11-02-aha-sum…The final rule sets the 2023 conversion factor (the amount Medicare pays per relative value unit) at $33.06 — about 4.5% lower than the 2022 amount, following expiration of the 3% increase to this year’s conversion factor mandated by legislation passed last December and an additional 1.5% reduction due to budget neutrality requirements.www.aafp.org/news/government-medicine/2023-m…This Article gives a summary of the policies in the CY 2023 MPFS. CMS issued the 2023 Physician Fee Schedule final rule updating payment policies and Medicare payment rates for services we pay providers under the MPFS in CY 2023. The final rule also addresses public comments on Medicare payment policies proposed earlier this year.www.cms.gov/files/document/mm12982-medicare-…On July 7, 2022, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that announces and solicits public comments on proposed policy changes for Medicare payments under the Physician Fee Schedule (PFS), and other Medicare Part B issues, effective on or after January 1, 2023.www.cms.gov/newsroom/fact-sheets/calendar-yea…
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