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CMS Releases 2022 Medicare Physician Fee Schedule (Updated)
CMS's fee schedule shows a reduced conversion factor due to the expiration of last year's increase.
On Tuesday, the Centers for Medicare & Medicaid Services (CMS) released the proposed rule for the 2022 Medicare physician fee schedule.
The most notable aspect, per initial American Medical Association analysis, is the 2022 Medicare conversion factor would be reduced by approximately 3.75% from $34.8931 to $33.5848. This is largely a result of the expiration of a 3.75% increase to the conversion factor at the end of calendar year 2021, as averted by 2020 Congressional action.
More analysis will be made available in this article as it is published, but please see here some initial fact sheets:
- CMS Press Release
- Physician Fee Schedule Fact Sheet
- QPP Fact Sheet
- Combined Impact of Proposed Rule and Conversion Factor Reduction for 2022
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