Announcing New Resources on 2024 Medicare Physician Fee Schedule ChangesNov. 13, 2023
In light of the 2024 Medicare Physician Fee Schedule final rule, LUGPA has curated two essential tools for members: a Policy Brief addressing the 3.34 percent reduction in the fee schedule's conversion factor and associated challenges and a Fact Sheet offering insights into the impending implementation of HCPCS code G2211 by CMS on January 1, 2024. The Policy Brief delves into the impact of the fee schedule cut on Medicare physician payments, details CMS strategies such as extending telehealth provisions, and explores payment adjustments for 340B-acquired drugs. Access the complete Policy Brief here. The Fact Sheet provides an in-depth analysis of HCPCS code G2211, highlighting its role as a cognitive code recognizing resource costs for specific E/M visits. The document specifies usage criteria, emphasizing its applicability for ongoing care related to serious or complex conditions, and recommends consultation with billing departments for proper implementation. The entire Fact Sheet is available here. LUGPA remains dedicated to monitoring the development of the MPFS and is committed to promptly delivering updated materials to our members as new information emerges.
See also Important Updates on CMS PFS Final Rule 2024 - Dec. 2023 Medicare Fee Schedules - main page
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