Anesthesia Spreadsheet 2022 (2024)

FAQs

What is the conversion factor for anesthesia in 2022? ›

The national average conversion factor increased to $85.42, while the median matched last year's median of $78.00. The range of mean values narrowed from a range of $79.04-$90.23 in 2021 to a range of $81.22-$89.52 in 2022.

Anesthesiology is rapidly becoming one of the most competitive specialties for medical students. Recent data from the 2023 application cycle reveals a significant surge in interest, with 5,353 candidates vying for 2,060 residency positions, leaving only 9 spots unfilled [1] .

Payment for Anesthesia Care: The Basic Equation

Each anesthesia CPT code is allocated a specific number of anesthesia base units. Payment for anesthesia services is determined by adding base units to time units and a multiplying by a payor specific conversion factor.

The average anesthesia reimbursem*nt rate for 2023 was $21.88, a 5.5% decline from 2019, according to a Jan. 16 blog post from Coronis Health.

Anesthesiology residency, while not one of the most competitive residencies, is still quite tricky to match into. It's also one of the “lifestyle” specialties, meaning the compensation is quite high and the work-life balance is a little better compared to other demanding specialties, like neurosurgery residency.

What is a good USMLE Step 2 CK Score? A good USMLE Step 2 CK score is between 240 and 260. However, what qualifies as a “good” score ultimately depends on the residency program you are applying to. If you want to match to your first-choice program, you should aim for a score at or above 256.

Obstetrical Anesthesias. An obstetrical anesthesiologist's job title includes the use of anesthetics to aid in delivering a baby or reducing the pain of birthing. This sub-specialty is one of the highest-earning in anesthesiology, according to Payscale.

Both are stressful and require difficult and expensive training. Surgeons are constantly on their feet and are under bright (hot) lights. Anesthesio;ogists can stand or sit and appear less tired after a long case. Surgeons are responsible for the patient's care, work-up and come back if problems develop.

The overall competitiveness level of anesthesiology is Medium to High for a U.S. senior. With a Step 1 score of 200, the probability of matching is 55%.

Last week, the Centers for Medicare and Medicaid Services (CMS) announced the CY 2024 anesthesia Conversion Factor (CF) is now $20.7739, a 1.66% increase implemented from the Consolidated Appropriations Act, 2024 enacted on March 9.

What is the physician fee schedule conversion factor for 2022? ›

On Dec. 16, the Centers for Medicare and Medicaid Services (CMS) announced an updated 2022 physician fee schedule conversion factor of $34.6062, according to McDermott+Consulting. This represents a 0.82% cut from the 2021 conversion factor of $34.8931.