June 5, 2024
How will the new G2211 add-on code impact your physicians?
Explore three different utilization scenarios with us!
SullivanCotter recently analyzed the projected impact of the new G2211 add-on code from the 2024 Physician Fee Schedule – which was created to emphasize the longitudinal relationship between the practitioner and the patient and better account for costs associated with visit complexity.
It’s crucial to carefully evaluate the cost implications of the new code and how it may affect your physician compensation structure. Otherwise, your organization may struggle to set effective wRVU targets, TCC per wRVU rates, and salary budgets.
Discover the potential impact on physician compensation and learn how to prepare your organization!
Key Considerations:
- As patient volume increases, governmental reimbursement decreases and most commercial payors continue to lag
- Market surveys will not reflect the 2024 PFS until the 2025 survey cycle – making annual budgeting decisions more challenging
- Organizations with wRVU-based compensation structures must carefully evaluate the impact of the G2211 add-on code to determine wRVU targets and TCC/wRVU rates
- For those using predominantly salary-based models, understanding the financial impact of this code change will be an important consideration for setting salary budgets
- Organizations should remain flexible in evaluating rewards programs in an ever-changing market
