The 2024 Medicare Physician Fee Schedule proposes a 3.34% decrease in the 2024 PFS conversion factor.  It’s currently $33.89 and is proposed to be reduced to $32.75.

CMS is also proposing the following:

  • An additional add-on code (G2211) to existing evaluation and management visits for complex patients to better recognize the resource costs
  • A delay in the implementation of the “substantive portion” definitions for shared evaluation and management visits
  • Additional telehealth services

Attached is the Fact Sheet released by CMS on July 13, 2023.