decisionhealth Newsletters, Part B News - 2023 Issue 9 (September)
CMS previews projected 2024 payments for 52 new, newly active codes
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Article Overview
This article summarizes CMS’s proposed 2024 physician fee schedule payment preview for a set of newly added and newly active services. It is aimed at medical coders, billing staff, and reimbursement professionals tracking Medicare payment updates, code status changes, and proposed facility and non-facility pricing for new CPT and HCPCS services.
Why This Topic Matters
Proposed fee schedule updates can affect reimbursement planning, charge capture, and coding workflow readiness before the final rule is released.
Article Sections
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Proposed 2024 Medicare physician fee schedule preview
Introduces the payment preview and explains the general scope of the CMS update. Summarizes the settings used in the comparison and the basis for the proposed payment calculations.
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Code status and payment table
Presents the list of newly priced or newly active services included in the preview. Identifies the services, their proposed status, and the payment information shown for different settings.
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Additional listed services
Continues the table of proposed payment entries for other services included in the CMS preview. Covers the remaining itemized codes and their associated payment presentation.
What You Will Learn
- How CMS presents proposed payment updates for newly added and newly active physician services
- Which broad code sets are represented in the 2024 payment preview
- How the article organizes facility and non-facility payment information
- What types of service categories are included in the proposed update
Who Should Read This
- Medical coders
- Billing specialists
- Revenue cycle professionals
- Practice administrators
- Compliance teams
Codes Discussed
Modifiers Discussed
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