Healthcare

A final rule updating the physician fee schedule (PFS) rates was issued by The Centers for Medicare and Medicaid Services (CMS) on December 1, 2020. The Final Rule finalizes many of the changes that were included in the Proposed Rule. Among other updates, the new regulation decreases the 2020 conversion factor of $36.09 to $32.41 and increases work relative value units for evaluation and management codes effective January 1, 2020. The significant decrease in the conversion factor is due to the mandate of budget neutrality.

A final rule updating the physician fee schedule rates was issued by The Centers for Medicare and Medicaid Services (CMS) this month. The new regulation, which increases the 2019 conversion factor of $36.04 to $36.09 in 2020, will be published in the Federal Register on November 15, 2019.