The Consolidated Appropriations Act, 2024, signed into law March 9, added 1.68% to the Medicare Physician Fee Schedule, effective March 9–Dec. 31, 2024.
This increase partially addresses the 3.37% cut to the Medicare conversion factor that went into effect Jan. 1, 2024. Note the 2024 conversion factor for Jan. 1–March 8 was $32.7442 and the updated conversion factor from March 9–Dec. 31 is $33.2875. The ACR has updated its Medicare website to reflect its analysis of the top rheumatology procedure codes of the final 2024 Medicare Physician Fee Schedule.
The ACR strongly advocated for mitigating the Jan. 1 cut and continues to campaign against the 1.69% reduction that is still in place for the rest of the year. The ACR encourages members to use our contact policymakers portal to urge Congress to support physician practices by passing legislation that includes an annual inflationary update to the Medicare physician payment.
For questions or additional information on calculating the fee schedule for your geographic location, contact the ACR practice management department at [email protected].
