2023 Ambulance Inflation Factor
The Ambulance Inflation Factor for the year 2023 has been released by CMS. Transports provided on January 1st, 2023 and later will be paid using the standard ambulance fee schedule for your squad’s zip code, plus an increase of 8.7%. After a year of incredible inflation in fuel and operating costs, this increase is a welcome addition. The annual AIF is calculated once per year and may go in either direction, positive or negative, depending on the federal government’s consumer price index (CPI) and certain other efficiency measurements.
This is a good time to review your squad’s operating costs, facility contracts and retail fee scale for maximum reimbursement from the ambulance billing process. It is also a good time to review your internal fee schedule, cost utilization per trip and facility contract rates. All of these are important for keeping your billing process in compliance with the various state and federal regulations that govern how the ambulance billing process works.
More information on the CMS ambulance inflation factor can be obtained Here.
If you would like to discuss your ambulance billing needs, give our office a call. We have a proven history working with small and mid-sized ambulance providers. We can be reached at 1-304-253-1059, Monday through Friday, 8am to 5pm. After hours consultations can be routed through Facebook Messenger.