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Physician Fee Schedule. On March 9, 2024, President Biden signed the Consolidated Appropriations Act, 2024, which included a 2.93 percent update to the CY 2024 Physician Fee Schedule (PFS) Conversion Factor (CF) for dates of service March 9 through December 31, 2024.
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1 sty 2024 · Medicare Physician Fee Schedule rates effective January 1, 2024, through March 8, 2024.
12 lis 2024 · The CY 2025 Medicare conversion factor (CF) will decrease for the fifth straight year by approximately 2.83 percent from $33.2875 to $32.3465. This cut results from the expiration of a 2.93 percent temporary update to the conversion factor at the end of 2024 and a 0 percent baseline update for 2025 under the Medicare Access and CHIP ...
21 lip 2023 · First, the bad news: CMS proposes to decrease the conversion factor (i.e., the amount Medicare pays per relative value unit, or RVU) to $32.75. That’s a drop of $1.14, or 3.34%, from this year...
This 2024 conversion factor is derived from a statutory 0% update, a negative 2.18% RVU budget neutrality adjustment, and the expiration of 1.25% of the payment increase as provided by the Consolidated Appropriations Act (CCA) of 2023.
The 2024 MPFS Conversion Factor (CF), based on the proposed 2024 rates, is set at $32.7442. This represents a decrease of $1.14, or more than 3%, from the 2023 MPFS CF rate update of $33.8872.
These RVUs become payment rates through the application of a conversion factor, which is updated annually. CMS calculates the 2024 conversion factor to be $32.74, which is a 3.4 percent decrease (or $1.15) from the current 2023 conversion factor of $33.89.
