Archive of entries posted on November 2023

2024 Medicare Reimbursement For Psychological Services

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2 November 2023:  The final 2024 Medicare Physician Fee Schedule (PFS) was announced by CMS today, with the final rule to be published in the Federal Register 11/16/23. The final 2024 Conversion Factor (CF) was set at $32.74, a decrease of $1.15 (-3.4%) from the 2023 CF of $33.89. (The proposed rule CF reported in …

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Medicare Opt Out Update

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Source:  https://data.cms.gov/provider-characteristics/medicare-provider-supplier-enrollment/opt-out-affidavits/data      29,309 clinicians had opted out as of 1/1/23, 31,603 have opted out as of 9/15/2023 (7.8% increase). 12,556 mental health clinicians (Psychiatry, Clinical Psychologist, Clinical Social Worker) had opted out as of January 2023, 13,726 have opted out as of September 2023 (9.3% increase). 5,022 psychologists had opted out as …

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