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BC Advantage - 2023 Issue 1

The Medicare Final Rule Confirms Big Payment Reduction for 2023

When the 2023 Medicare Physician Fee Schedule (MPFS) was proposed in early 2022, it projected a 4.42% cut to the conversion factor (CF), with radiology facing cuts between 3-4% depending on subspecialty. The final rule moves the cut even deeper, with the 2023 CF set 4.47% lower than the 2022 CF.There is significant activity among physician professional societies, including the American College of Radiology (ACR), Radiology Business Management Association (RBMA), Medical Group Management Association (MGMA), and others, to urge remediation of the cuts. Congressional legislation in the form of H.R. 8800, which has at least...

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