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ACOI Asking CMS and Congress for Payment Cut Relief
The ACOI has submitted comments to the Centers for Medicare and Medicaid Services (CMS) in response to its proposed payment policies for 2024. In the letter, ACOI re-stated its concerns about Medicare payments that are not keeping pace with inflation. Next year the Medicare conversion factor — the basic starting point for calculating Medicare physician payments — will be reduced by more than 3 percent. While Congress has provided a 1.25 percent positive adjustment for 2024, it is half of the 2.5 percent provided for 2023. The remainder of the cut is due to requirements of budget neutrality triggered by the proposed implementation of office/outpatient evaluation and management visit complexity add-on code G2211 that begins on January 1, 2024.
I am often frustrated with those who post their questions on blogs and web pages instead of looking for the answer themselves. All too often the answers I see in response to these questions are incorrect. You will see a discussion with multiple people involved discussing how they handle a specific coding or billing situation, and their answers are all wrong. None of them know they are wrong and, in doing so, continue to distribute incorrect information.