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- 4.5%The 2023 Medicare provider reimbursement is expected to be reduced by about 4.5%12. This is due to an update to the Physician Fee Schedule (PFS) conversion factor, which is slated to drop from $34.61 in 2022 to $33.06 in 202312. The 2022 Physician Fee Schedule contained a 3% supplemental reimbursement increase, but that expires as of 20231.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 4.5% cut in the 2023 PFS stems from an update to the PFS conversion factor. In 2022, the conversion factor was $34.61. In 2023, it’s slated to drop by $1.55 to $33.06—a decrease of about 4.5%. The 2022 Physician Fee Schedule contained a 3% supplemental reimbursement increase, but that expires as of 2023, according to the CMS report.www.mdlinx.com/article/medicare-changes-for-202…The 2023 conversion factor is scheduled to be reduced by 4.47%, from $34.61 to $33.06 for 2023. This payment reduction is primarily due to the expiration of the 3% payment increase provided by Congress in 2022 and budget neutrality adjustments to E/M Current Procedural Terminology (CPT) codes, as required by law.www.aapa.org/news-central/2022/11/what-pas-sho…
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