Medtronic provides this information for your convenience only. It does not constitute legal advice or a
recommendation regarding clinical practice. Information provided is gathered from third-party sources and is
subject to change without notice due to frequently changing laws, rules and regulations. The provider has the
responsibility to determine medical necessity and to submit appropriate codes and charges for care provided.
Medtronic makes no guarantee that the use of this information will prevent diffserences of opinion or disputes with
Medicare or other payers as to the correct form of billing or the amount that will be paid to providers of service.
Please contact your Medicare contractor, other payers, reimbursement specialists and/or legal counsel for
interpretation of coding, coverage and payment policies. This document provides assistance for FDA approved or
cleared indications. Where reimbursement is sought for use of a product that may be inconsistent with, or not
expressly specied in, the FDA cleared or approved labeling (e.g., instructions for use, operator’s manual or
package insert), consult with your billing advisors or payers on handling such billing issues. Some payers may have
policies that make it inappropriate to submit claims for such items or related service.
Disclaimer
References
1. Medicare Physician Fee Schedule Final Rule; CMS-1770-F. Centers for Medicare & Medicaid Services Page. Office
of the Federal Register website. https://www.cms.gov/les/document/cy2023-physician-fee-schedule-nal-rule-cms-
1770f.pdf. Accessed November 2nd, 2022.
2. Medicare Physician Fee Schedule Final Rule; CMS-1784-F Centers for Medicare & Medicaid Services Page. Office
of the Federal Register website. https://www.federalregister.gov/d/2023-24184. Accessed November 2nd, 2023.
Medicare 2024 Physician Payment Rates
1. Medicare national average payment is determined by multiplying the APC weight by the conversion factor. The nal
conversion factor for 2023 is $85.585 as published in CMS Accessed November 1st, 2022. The conversion factor of
$85.585 assumes that hospitals meet reporting requirements of the Hospital Outpatient Quality Data Reporting
Program. Medicare Program: Hospital Outpatient Prospective Payment System Final Rule; CMS-1772-FC. Office of the
Federal Register website. Centers for Medicare & Medicaid Services Page. https://www.cms.gov/les/document/
cy2023-hospital-outpatient-prospective-payment-system-and-ambulatory-surgical-center-nal-rule.pdf. Accessed
November 1st, 2022.
2. Medicare national average payment is determined by multiplying the APC weight by the conversion factor. The nal
conversion factor for 2024 is $ $87.382 as published in CMS Accessed November 2nd, 2023 . The conversion factor
of $87.382 assumes that hospitals meet reporting requirements of the Hospital Outpatient Quality Data Reporting
Program. Medicare Program: Hospital Outpatient Prospective Payment System Final Rule; CMS- Office of the Federal
Register website. Centers for Medicare & Medicaid Services Page. https://www.federalregister.gov/d/2023-24293.
Accessed November 2nd, 2023.
1. Medicare Program: Hospital Outpatient Prospective Payment & ASC Payment Systems Final Rule; CMS-1772-FC
Office of the Federal Register website. Centers for Medicare & Medicaid Services Page https://www.cms.gov/les/
document/cy2023-hospital-outpatient-prospective-payment-system-and-ambulatory-surgical-center-nal-rule.pdf.
Accessed November 1st, 2022.
2. Medicare Program: Hospital Outpatient Prospective Payment & ASC Payment Systems Final Rule; CMS-1786-F .
Office of the Federal Register website. Centers for Medicare & Medicaid Services Page https://
www.federalregister.gov/d/2023-24293. Accessed November 2nd, 2023.
Medicare 2024 Ambulatory Surgical Center Payment Rates
Medicare 2024 Hospital Outpatient Payment Rates
Summary
The Centers for Medicare & Medicaid Services (CMS) provides annual updates to their payment systems for
outpatient, ambulatory surgery centers, and physician services. The information provided in this document provides
therapy specic nal payment rates for CY24 with comparisons to CY24 payment rates.
CPT copyright 2022 American Medical Association. All rights reserved. CPT® is a registered trademark of the
American Medical Association. Applicable FARS/DFARS Restrictions Apply to Government Use. Fee schedules,
relative value units, conversion factors and/or related components are not assigned by the AMA, are not part of CPT,
and the AMA is not recommending their use. The AMA does not directly or indirectly practice medicine or dispense
medical services. The AMA assumes no liability for data contained or not contained herein