Neurosurgery Coding Alert
CMS Announces 2004 Payment Factor of 37.3374
Published on Fri Jan 02, 2004
As promised, CMS has delivered a 1.5 percent increase in the Physician Fee Schedule for 2004. This is good news for physicians - neurosurgeons included - who had initially faced a 4.5 percent payment reduction for 2004.
The new conversion factor is 37.3374, up from 36.7856 in 2003. CMS transmittal 34, change request 3028, dated Dec. 24, 2003, outlines the changes to the fee schedule, which go into effect beginning Jan. 5, 2004. After this date, all Medicare claims should be reimbursed using the new conversion factor.
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