Here are four more things to know:
1. The proposed physician fee schedule conversion factor for 2024 is $32.75, down 3.34 percent from $33.89 in 2023.
2. CMS is proposing to implement a separate add-on payment for healthcare common procedure coding system code G2211. The add-on code will better recognize the resource costs associated with evaluation and management visits for primary care and longitudinal care of complex patients, according to the report.
3. CMS also proposed a 3 percent inflation update factor for both ASCs and hospital outpatient departments next year, and applied a 0.2 percentage point productivity reduction, as required by the ACA to arrive at the 2.8 percent pay increase.
4. CMS is accepting comments on the proposal through Sept. 11.
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.