As was reported in last month’s edition of this publication, the Centers for Medicare & Medicaid Services (CMS) released the Calendar Year (CY) 2024 Medicare Physician Fee Schedule Proposed Rule in July. Under the proposed rule, clinicians would see a 3.36% decrease to the physician conversion factor. The proposed conversion factor for 2024 is $32.75, which is a reduction compared to the 2023 conversion factor of $33.89.

Prior to the Sept. 11 public comment period deadline, the WAO submitted comments to CMS on the rule, outlining the Academy’s concerns and other thoughts on the proposal. Please CLICK HERE to read the WAO’s comments to CMS on the 2024 Medicare Physician Fee Schedule Proposed Rule.

CMS has said it will issue the final rule in November.