CMS Updates 2024 Anesthesia Conversion Factor

Last week, the Centers for Medicare and Medicaid Services (CMS) announced the CY 2024 anesthesia Conversion Factor (CF) is now $20.7739, a 1.66% increase implemented from the Consolidated Appropriations Act, 2024 enacted on March 9. The cut from the previously instituted anesthesia CF has been reduced from 3.27% to 1.66%. The resource-based relative value scale (RBRVS) CF is $33.2875, which is a 1.68% increase from the previously implemented 2024 CF rate.

The updated CFs apply to all claims dated March 9 through the end of 2024, while claims between January 1 and March 8 retain the initial figures from the CY 2024 Medicare Physician Fee Schedule (MPFS) Final Rule.

More information on Consolidated Appropriations Act of 2024: https://www.asahq.org/about-asa/newsroom/news-releases/2024/03/asa-extremely-frustrated-with-another-year-of-medicare-payment-cuts

Please see the CMS Physician Fee Schedule web page for more information on the CF updates.

Contact the ASA Department of Quality and Regulatory Affairs at [email protected] with any questions.