Medicare Physician Fee Schedule 2024 Schedule. On november 2, 2023, the centers for medicare & medicaid services (cms) released their calendar year 2024 medicare physician fee schedule (cy2024 mpfs) final rule. Of note, the 2024 pfs conversion factor is $32.7442, reduced 3.37% from. Physician medicare payment is down 26% since 2001, when adjusted for inflation. The centers for medicare and medicaid services (cms) on july 13 released the 2024 medicare physician fee schedule (pfs) proposed rule, addressing medicare payment and quality provisions for physicians in the coming year.
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