AMA has notified federation members that the 2022 Medicare Physician Fee Schedule proposed rule, released by the Centers for Medicare and Medicaid Services (CMS) on July 13, would reduce the 2022 Medicare conversion factor by 3.75%.
The AMA said the proposed cut was the result of the expiration of a 3.75% increase to the conversion factor at the end of calendar year 2021, as averted for 2021 by Congressional action. The AMA plans to advocate that Congress avert the cut and extend the 3.75% increase for 2022.
Note: Because of a calculation error by the AMA, a previous version of this story in ISMA e-Reports included an incorrect percentage for CMS’ proposed reduction in the 2022 Medicare conversion factor. The 2022 Medicare Physician Fee Schedule proposed rule contains a reduction of 3.75%.
CMS news release
PFS fact sheet
QPP fact sheet
Code Level Comparison CY2021 to CY2022 NPRM
Specialties-Combined Impact of Proposed Rule and Conversion Factor Reduction for 2022