On November 1st, The Centers for Medicare and Medicaid Services (CMS) issued the final Medicare Physician Fee Schedule (MPFS) for next calendar year.
In the new fee schedule, the agency is finalizing a conversion factor of $33.06, a -$1.55 decrease compared to the 2022 conversion factor of $34.61. For our summary on payment related proposals, CLICK HERE.
Changes to the Quality Payment Program (QPP – i.e. MIPs) were kept relatively minimal as CMS prepares for the implementation of MIPS Value Pathways in 2023. For our summary on Quality Payment Program proposals, CLICK HERE.
As always, ADVOCATE will keep you up to date on this and all issues impacting medical groups as they become available.
Manager, Regulatory Affairs