Wednesday, September 19, 2012

Guide on Medicare Physician Fee Schedule

Need information on the Medicare Physician Fee Schedule?

The Centers for Medicare and Medicaid Services published a short fact sheet on the Medicare Physician Fee Schedule.

The fact sheet covers the following topics:
  • Physician services
    • 7,400 uniquely covered services
  • Therapy services
    • Medicare Part B pays for the services of physical therapists, occupational therapists, and speech-language pathologists based on the Medicare PFS.
  • Medicare PFS payment rates
    • The Medicare PFS is based on the following three components: 
      • 1) Relative Value Units (RVU)
      • 2) Conversion Factor (CF)
      • 3) Geographic Practice Cost Indices (GPCI).
  • The Medicare PFS rates formula
    • [(Work RVU x Work GPCI) + (PE RVU x PE GPCI) + (MP RVU x MP GPCI)] x CF
  • Additional Resources
To view and download the fact sheet, please click the following link: Medicare Physician Fee Schedule

For additional resources, please click the following link: Medical Reimbursement, Inc. Resources

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