CMS Releases CY 2023 Medicare Physician Fee Schedule Proposed Rule

On July 7, 2022, the U.S. Centers for Medicare and Medicaid Services (CMS) issued the calendar year (CY) 2023 Medicare Physician Fee Schedule (MPFS) Proposed Rule, which describes potential changes to the fee schedule starting next year. This white paper includes a summary of important CMS proposed changes that are likely to impact physicians in 2023, together with Wakely’s analysis of prospective rate changes using national Medicare Fee-for-Service (FFS) data and the Wakely Medicare Repricing Analysis Tool (WMRAT). If the CY 2023 proposed changes become final, then the average Medicare reimbursement for physicians will decrease by approximately 2.9% from the prior year.