CMS has updated the rates from the Medicare Physician Fee Schedule (MPFS) as a result of the changes from the Consolidated Appropriations Act passed at the end of last year. This includes:
- A 3.75% increase in MPFS payments for CY 2021
- Suspension of the 2% payment adjustment (sequestration) through March 31, 2021
- Reinstatement of the 1.0 floor on the work Geographic Practice Cost Index through CY 2023
- Delayed implementation of the inherent complexity add-on code for evaluation and management services (G2211) until CY 2024
CMS has recalculated the MPFS payment rates and conversion factor to reflect these changes. The revised MPFS conversion factor for CY 2021 is 34.8931. The revised payment rates are available in the Downloads section of the CY 2021 Physician Fee Schedule final rule (CMS-1734-F) webpage.
