AAFP: Expected 0.5 Percent Pay Increase Reduced to Zero

Share this content:
AAFP: Expected 0.5 Percent Pay Increase Reduced to Zero
AAFP: Expected 0.5 Percent Pay Increase Reduced to Zero

WEDNESDAY, Nov. 18, 2015 (HealthDay News) -- A small but promised Medicare pay increase has effectively been reduced to zero for all physician specialties, according to the final 2016 Medicare physician fee schedule and a report published by the American Academy of Family Physicians.

A 0.5 percent positive update to the Medicare conversion factors was specified by the Medicare Access and CHIP Reauthorization Act of 2015, which was signed into law in April. The Centers for Medicare & Medicare Services was to reduce the relative value units of overvalued CPT codes by 1 percent for 2016. They were unable to do so, identifying only 0.23 percent, and consequently the agency was required to make up 0.77 percent by reducing the overall conversion factor.

The rule also provides Medicare payment for advance care planning, and outlines changes to the Physician Quality Reporting System, ensuring all 2016 physician and group practice measures will be available online. The 2016 fee schedule rule also clarifies the value-based payment modifier, establishing policies to transition from the value modifier to the Merit-based Incentive Payment System (MIPS) and applying incentives to help meet MIPS criteria and avoid payment penalties.

"This most recent reduction in the 2016 Medicare fee schedule shows continued weakening of the fee-for-service payment model," Wanda Filer, M.D., M.B.A., president of the AAFP, said in the report.

More Information

Share this content:

is free, fast, and customized just for you!




Already a member?

Sign In Now »

Trending Activities

All Professions

Drug Lookup

Browse drugs by: BrandGenericDisease

More in Home

California Lawsuit Claims AbbVie Paid Doctors to Prescribe Humira

California Lawsuit Claims AbbVie Paid Doctors to Prescribe ...

Claims physicians prescribed Humira because of financial kickbacks, not as best drug for patient

Patient-Directed IV Remifentanil Cuts Epidural Conversions

Patient-Directed IV Remifentanil Cuts Epidural Conversions

Patient-controlled remifentanil reduces proportion of conversions versus intramuscular pethidine

Pediatricians Have Role in Supporting Transgender Youth

Pediatricians Have Role in Supporting Transgender Youth

Recommendations developed for comprehensive care for youth identifying as transgender, gender diverse

is free, fast, and customized just for you!




Already a member?

Sign In Now »