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Last Updated: Jul 15, 2021
On July 13, 2021, the Centers for Medicare & Medicaid Services (CMS) released the proposed rule for the 2022 Medicare physician fee schedule. Notably, the 2022 Medicare conversion factor would be reduced by approximately 3.89% from $34.8931 to $33.5848. This is largely a result of the expiration of a 3.75% increase to the conversion factor at the end of calendar year 2021, as averted for 2021 by Congressional action. Please note that the impact table in the proposed rule does not seem to include the 3.75% reduction in the conversion factor.
Please note: This change is only one tiny part of the changes proposed. PAMED staff is currently reviewing the full 1,700+ page proposal and will provide you with important updates and summaries as they become available.
Click here to view a fact sheet on the proposed rule changes.
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