The 2024 Medicare Physician Fee Schedule proposes a 3.34% decrease in the 2024 PFS conversion factor. It’s currently $33.89 and is proposed to be reduced to $32.75.
CMS is also proposing the following:
- An additional add-on code (G2211) to existing evaluation and management visits for complex patients to better recognize the resource costs
- A delay in the implementation of the “substantive portion” definitions for shared evaluation and management visits
- Additional telehealth services
Attached is the Fact Sheet released by CMS on July 13, 2023.