In early March, Congress adopted legislation that updated the Medicare Physician Fee Schedule (MPFS) conversion factor for claims processed from March 9 to December 31, 2024. The revised conversion factor has been updated to $33.2875 reflecting a 1.68% update from the previous…
Medicare 2022 Conversion Factor Update
Thanks to lobbying efforts from the House of Medicine, Congress took action this month. The Protecting Medicare & American Farmers from Sequester Cuts Act avoided a 4% statutory cut from the PAYGO provisions, extended the moratorium on the 2% Medicare payment sequester, and mitigated the 3.75% Medicare physician payment cut.
The link below highlights the impact for AAOA members.