CMS Releases Proposed Rule for 2016 Medicare Physician Fee Schedule
On July 8, 2015, the Centers for Medicare and Medicaid Services (CMS) issued the proposed rule to update payment policies and payment rates for services furnished under the Medicare Physician Fee Schedule (PFS). This is the first PFS proposed rule since the repeal of the Sustainable Growth Rate (SGR) formula. Throughout the rule, CMS brings the implementation of the new payment system for physicians and other practitioners – the Merit-Based Incentive Payment System (MIPS) – as mandated by Congress. The final rule is expected by November 1 and is effective Jan. 1, 2016. A detailed analysis will be forthcoming.
ASNC will submit comments on this proposed rule by the Sept. 8, 2015, deadline. Read more of the highlights and provisions