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CMS Finalizes 2022 Conversion Factor

Members & Publications

December 23, 2021

Following the passage of legislation averting the cumulative 10% payment cuts anticipated for 2022, the Centers for Medicare & Medicaid Services (CMS) has announced a revised final conversion factor that will take effect January 1, 2022.  The new conversion factor will be $34.6062, a decrease of approximately $0.29 or 0.83% from the 2021 conversion factor of $34.8931.  The AAPM&R website has been updated to include this new information.  Additionally, we have updated the chart of final RVUs and national payment rates for services effective January 1, 2022.  The chart is available for members to download now.

While we are relieved that the conversion factor decrease was reduced significantly from the anticipated 10% cut originally expected, the legislation required to avert the payment cut was simply a temporary fix.  AAPM&R will be advocating early and throughout 2022 to urge Congress to identity a permanent solution to the payment cuts physician have been facing each year in recent history.

Legislation Introduced to Alleviate Impact of Conversion Factor Cut for 2021

Nov 09, 2020

Last month, two bills were introduced in the House proposing solutions to the estimated 10.6% Physician Fee Schedule conversion factor cut expected to go into effect January 1, 2021.  The bills offer some relief to the cut, but do not reflect a comprehensive or long-term solution.  AAPM&R has therefore chosen to remain neutral regarding these bills. 

Your Academy continues to advocate for a permanent solution to the conversion factor cut while maintaining the important payment increases to office and outpatient evaluation and management services.

 

 

 

 

 

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