Physician Fee Schedule
Guidance for proposed rule updates payment policies, payment rates, and other provisions for services furnished under the Medicare Physician Fee Schedule (PFS).
Final
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: August 04, 2020
Physician Fee Schedule: CY 2025 Proposed Rule – Submit Comments by September 9
CMS issued the CY 2025 Physician Fee Schedule (PFS) proposed rule to propose updates for Medicare PFS:
- Payment policies and rates
- Medicare Prescription Drug Inflation Rebate Program
- Behavioral Health Services
- Dental and Oral Health Services
- Opioid Treatment Programs
- Telehealth Services
- Rural Health Clinics and Federally Qualified Health Centers
See a summary of proposed provisions. Comments are due by September 9, 2024; see the proposed rule for details on how to submit them.
On March 9, 2024, President Biden signed the Consolidated Appropriations Act, 2024, which included a 2.93 percent update to the CY 2024 Physician Fee Schedule (PFS) Conversion Factor (CF) for dates of service March 9 through December 31, 2024. This replaces the 1.25 percent update provided by the Consolidated Appropriations Act, 2023, therefore the CY 2024 CF for dates of service January 1 through March 8, 2024 is $32.74. CMS has implemented the new legislation by adjusting the CY 2023 CF of $33.07 by 2.93 percent and the budget neutrality adjustment for a CY 2024 CF of $33.29 for dates of service March 9 through December 31. CMS is also releasing updated payment files, including the MPFS and associated abstract files, the Ambulatory Surgical Center (ASC) FS, and Anesthesia file.
Learn What's New for CY 2024
CMS issued the CY 2024 Physician Fee Schedule (PFS) final rule that announces policy changes for Medicare payments under the PFS and other Medicare Part B payment policy issues. See a summary of key provisions effective January 1, 2024.
Frequently asked questions (PDF) about services to help address health-related social needs in the 2024 Physician Fee Schedule final rule:
1. Caregiver training
2. Social determinants of health risk assessment
3. Community health integration
4. Principal illness navigation
The PFS is the primary method of payment for enrolled health care providers. Medicare uses the PFS when paying:
- Professional services of physicians and other health care providers in private practice
- Services covered incident to physicians’ services (other than certain drugs covered as incident to services)
- Diagnostic tests (other than clinical laboratory tests)
- Radiology services
Care Management
For a one-stop resource focused on new Care Management services under the Physician Fee Schedule, such as chronic care management and transitional care management services, visit the Care Management webpage.
Physician Center
For a one-stop resource focused on Medicare Fee-for-Service (FFS) physicians, visit the Physician Center webpage.
HHS is committed to making its websites and documents accessible to the widest possible audience, including individuals with disabilities. We are in the process of retroactively making some documents accessible. If you need assistance accessing an accessible version of this document, please reach out to the guidance@hhs.gov.
DISCLAIMER: The contents of this database lack the force and effect of law, except as authorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically incorporated into a contract. The Department may not cite, use, or rely on any guidance that is not posted on the guidance repository, except to establish historical facts.