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Medicare Proposes 2023 Physician Pay Cuts

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On July 7, 2022, CMS released its proposed Medicare Physician Fee Schedule for 2023, which proposes physician fee schedule reductions via the Medicare Conversion Factor.

  • The general Medicare conversion factor will be reduced by 4.4% from $34,61 to $33.08
  • The anesthesia conversion factor will be reduced 3.9% from $21.56 to $20.72

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