The healthcare landscape continues to evolve rapidly, and 2024 will witness a number of significant healthcare billing regulatory changes that will impact medical billing practices. From updates to code standards to new regulatory compliance requirements, it is crucial for healthcare providers, medical billing companies, and RCM professionals to stay informed and proactive. The goal of […]
The 2024 Medicare Physician Fee Schedule, recently released by CMS, confirms the anticipated reduction in payments for physicians. The finalized conversion factor of $32.7442 represents a 3.4% decrease from the 2023 rates, which themselves saw a 2% reduction from 2022. In contrast, the Medicare Economic Index, a gauge of practice cost inflation, surged to 4.6%, […]