CMS released the CY 2024 PFS Final Rule

CMS released the CY 2024 PFS final rule

Per the CMS press release: Overall, the finalized CY 2024 PFS conversion factor is $32.74, a decrease of $.1.15, or 3.4%, from CY 2023.  However, we note that the preamble of the rule has the following language: We estimate the CY 2024 PFS CF to be 32.7442 which reflects the -2.18 percent budget neutrality adjustment under section 1848(c)(2)(B)(ii)(II) of the Act, the 0.00 percent update adjustment factor specified under section 1848(d)(19) of the Act, and the 1.25 percent payment increase for services furnished in CY 2024, as provided in the CAA, 2023.  We are working to get clarification from CMS on the final conversion factor. 

Also note that CMS finalized maintaining a Merit-Based Incentive Payment System (MIPS) performance threshold of 75 points for 2024, rather than increasing it to 82 points, as proposed. 

Additional resources are provided below: 

• Final Rule 
• PFS Fact Sheet
• QPP Fact Sheet and additional resources (will be posted to QPP Resource Library)
• MSSP Fact Sheet