November 1, 2022: MGMA statement on CMS' final 2023 Medicare Physician Fee Schedule

MGMA statement on CMS' final 2023 Medicare Physician Fee Schedule

Anders Gilberg
Senior Vice President, Government Affairs
Medical Group Management Association

“As expected, CMS finalized a substantial reduction to the conversion factor — negatively impacting physician reimbursement across the board. It is more critical than ever that Congress act to avert these cuts, as well as the 4% PAYGO sequestration, before the end of the year. Ninety percent of medical practices reported that the projected reduction to 2023 Medicare payment would reduce access to care. This cannot wait until next Congress — there are claims processing implications for retroactively applying these policies. MGMA looks forward to working with both Congress and the Administration to mitigate these cuts and develop sustainable payment policies to allow physician practices to focus on treating patients instead of scrambling to keep their doors open.”