On Demand - 2024 Final Medicare Physician Fee Schedule and Hospital Payment Rules Impacts-Webinar Recording

Video Transcription

Video Summary

The webinar discussed the 2024 final Medicare physician fee schedule and hospital payment rules and their impact on cardiology. The conversion factor was reduced by 3.37%. The projected overall reimbursement impacts for cardiovascular services are flat compared to the previous year. The appropriate use criteria program will be rescinded and future rulemaking will propose new AUC guidelines. For split shared services, the definition of the substantive portion is now based on more than half of the total time spent by the physician or an NPP performing the service. Telehealth services will continue to be allowed and audio-only services will be billed with specific telephone service codes. Medicare will now allow distant site practitioners to use their currently enrolled practice location instead of their home address. The place of service for billing telehealth services will change and modifier 95 will no longer be used. CMS also clarified that direct supervision for telehealth services can include both audio and video availability. The final rule also includes updates on quality measures, PPI surveys, Medicare payment reform, and hospital transparency requirements. These are just some of the highlights from the webinar on the 2024 final Medicare physician fee schedule and hospital payment rules and their impact on cardiology.

Keywords

2024 final Medicare physician fee schedule

hospital payment rules

cardiology

reimbursement impacts

appropriate use criteria program

Telehealth services

distant site practitioners

billing telehealth services

direct supervision