MedicaidReimbursementMedium impact
BT2023172: IHCP announces new updates to the 2024 Physician Fee Schedule
Indiana Medicaid (IHCP)·IN · Optometry, PM&R (Physical Medicine & Rehab), Orthopedics·Claims & Billing
Effective date
Jan 1, 2024
We identified it
Jun 19, 2026
Summary
Indiana Medicaid updated their 2024 Physician Fee Schedule as part of the HIP Rate Equalization Project, with changes to vision codes (V-codes), prosthetic/orthotic service codes (L-codes), and addition of laboratory codes. Updated fee schedules are available on the IHCP website with highlighted rows showing the changes.
Action Required
By January 1, 2024: Billing team must download the updated Physician Services 2024 Fee Schedule from in.gov/medicaid/providers and update billing system with new rates for vision codes (V-codes), prosthetic/orthotic service codes (L-codes), and laboratory codes. Review all highlighted rows in the fee schedule for rate changes that affect your practice's services.