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.