01/16/2023

Congress Passes Omnibus Providing Cancer Research Funding and Mitigating Medicare Cuts

On January 5, the Centers for Medicare & Medicaid Services (CMS) released updated national Medicare physician payment files that incorporate the changes in the Consolidated Appropriations Act of 2023. As indicated below, Congress reduced the 4.5% cut to Medicare physician payment by increasing the 2023 conversion factor (CF) by 2.5%. The updated 2023 Medicare physician payment schedule CF will be $33.8872. The CF, prior to this change, was $33.0607.

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