decisionhealth Newsletters, Part B News - 2023 Issue 1 (January)
CMS posts new +2.4% conversion factor for 2023 Medicare fees
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Article Overview
This article explains a CMS update to the 2023 Medicare physician fee schedule that changes the conversion factor used for physician payment calculations. It is relevant to physicians, coders, billers, and reimbursement staff who track Medicare fee schedule updates, payment impacts, and selected procedure payment changes under Part B. The article summarizes the revised payment environment and highlights how the update affects broad categories of commonly billed office, preventive, and diagnostic services.
Why This Topic Matters
Medicare fee schedule updates can change reimbursement expectations for high-volume services and affect budgeting, contract planning, and charge review workflows. This article helps readers understand the scope of the 2023 payment revision and why selected procedure rates may shift.
Article Sections
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Physician payments
Discusses CMS’s revised 2023 Medicare physician fee schedule payment environment and the updated conversion factor referenced in the fee schedule materials. It also summarizes the broad effect on selected procedure payment patterns.
What You Will Learn
- How CMS’s 2023 Medicare physician fee schedule update changes the payment environment
- Why conversion factor updates matter for selected Medicare-covered services
- Which broad service categories are highlighted as affected by the revised payment update
- How fee schedule addenda and supplementary materials can be used to track payment changes
Who Should Read This
- Physicians
- Medical coders
- Medical billers
- Revenue cycle staff
- Practice administrators
- Compliance staff
Codes Discussed
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