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Medicare Physician Fee Schedule Reductions Partially Offset

By Michael Cassidy on January 10, 2023 Posted in Articles, Medicare & Reimbursement

The final “2023 Omnibus Bill” which is the spending bill passed by Congress and signed by President Biden at the end of 2022, provides partial relief from the scheduled Medicare Physician Fee Schedule Conversion Factor cuts.

As previously reported, the changes to the Medicare Physician Schedule Conversion Factor would have reduced physician reimbursement by 4.5%.

Pursuant to the Omnibus spending bill, that reduction in 2023 will only be 2%, but it is nevertheless a reduction.