MedicaidReimbursementHigh impact
BT202402: IHCP changes anesthesia conversion factor
Indiana Medicaid (IHCP)·IN · Anesthesiology·Specialty Services
Effective date
Jan 1, 2024
We identified it
Jun 19, 2026
Summary
Indiana Health Coverage Programs (IHCP) changed the anesthesia conversion factor to $20.13 (2023 Medicare rate) effective January 1, 2024. This affects reimbursement calculations for all anesthesia services under Indiana Medicaid and HIP plans.
Action Required
Immediately: Billing team must update anesthesia reimbursement calculations in billing software to use the new conversion factor of $20.13 for all Indiana Medicaid/HIP anesthesia claims with dates of service on or after January 1, 2024. Review the IHCP Anesthesia Services provider reference module for detailed methodology. Contact FSSA.IHCPReimbursement@fssa.in.gov with questions.