Updated Medicare Physician Fee Schedule 2022 Conversion Factor

President Biden signed the Protecting Medicare & American Farmers from Sequester Cuts Act in December 2021 which included an update to the conversion factor previously published in the 2022 final rule. The same Act also reinstates the sequestration adjustments in stages, starting April 1 at one percent and July 1 will be two percent.

In implementing the Act, the Centers for Medicare & Medicaid Services (CMS) updated the 2022 Medicare physician fee schedule conversion factor to $34.6062. The initial 2022 final rule provided a reduced conversion factor of $33.59. With the updated conversion factor, it will be slightly less than the 2021 conversion factor of $34.8931.

Noridian updated the fee schedule prior to 2022 dates of service claims processing. Claim payments will reflect the correct payment under the updated conversion factor. If providers reviewed or downloaded the 2022 Part B fee schedule prior to December 20, the current fees are showing an update on Noridian’s website.

JE Part B Fee Schedules

CMS Physician Fee Schedule

            Last Updated Fri, 14 Jan 2022 14:43:15 +0000