ASCs and anesthesia practices are feeling a financial squeeze as reimbursement rates fail to keep pace with rising operational costs.
Here is a look at how CMS’ reimbursement rates for anesthesia have changed over the last five years:
2019
- Conversion factor: $22.27, less than 1% increase from 2018
2020
- Conversion factor: $22.20, 0.3% decrease from 2019
2021
- Conversion factor: $21.56, 3.3% decrease from 2020
2022
- Conversation factor $21.56, roughly a flat rate of change
2023
- Conversation factor: $21.12, 2% decrease from 2022
2024:
- Conversion factor: $20.77. The initially proposed rate for 2024 was $20.39, and later increased by 1.66% as mandated by the Consolidated Appropriations Act of 2024.
2025:
- Conversion factor: $20.31, a 2.8% decrease
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.