CMS Proposes 2.7% Increase in CY23 OPPS, ASC Reimbursement Rates

In addition to a 2.7 percent increase in reimbursement rates, CMS proposed ending the 340B Medicare reimbursement cuts in the CY 2023 OPPS and ASC proposed rule. CMS has released its Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System proposed rule for calendar year (CY) 2023, which includes a 2.7 percent increase in Medicare reimbursement rates for OPPS hospitals and ASCs.

The payment increase for both providers reflects a proposed 3.1 percent increase to the hospital market basket and a 0.4 percentage point reduction for the productivity adjustment.

The 2.7 percent payment update exceeds the 2.3 percent increase proposed for hospitals and ASCs in the CY 2022 OPPS proposed rule.

Source: https://revcycleintelligence.com/news/cms-proposes-2.7-increase-in-cy23-opps-asc-reimbursement-rates