this is the default page template

The Centers for Medicare & Medicaid Services (CMS) issued a final rule that updates Physician Fee Schedule (PFS) payments for Calendar Year (CY) 2024. The rule includes policies that reduce the payment update, extend certain telehealth flexibilities, advance health equity and update the Medicare Shared Savings Program (MSSP) and the Quality Payment Program (QPP). These policies take effect on January 1st. For an in-depth summary, click here. Payment Update CMS proposes to cut the conversion factor by 3.4%, from $33.89 in CY 2023 to $32.74 in CY 2024. There is currently a Senate bill that includes a 1.25% increase in the Medicare PFS, which would result in a payment cut of 2.15%  instead of 3.4%. While there is no certainty of the bill passing, the inclusion of this policy in the Senate’s bill to fund the government beyond November 17th is a good sign as the previous package didn’t include anything to address the physician payment cuts. Changes to Medicare Telehealth Behavioral Health CMS finalized several policies to increase access to behavioral health. Quality Payment Program As mandated by MACRA, the QPP includes two tracks — the traditional Merit-based Incentive Payment System (MIPS) and Alternative Payment Models (APMs). Other Takeaways