CY16 Medicare Physician Fee Schedule Final Rule Fact Sheet

The Centers for Medicare & Medicaid Services (CMS) released a final rule with comment period in the, Nov. 16, 2015, Federal Register that will revise payment polices under the Medicare Physician Fee Schedule (PFS) and make other policy changes related to Medicare Part B payment. These final changes will be applicable to services furnished in calendar year 2016 (CY16). The final rule also includes updates associated with PFS payments, including the Physician Quality Reporting System (PQRS), the Physician Value-Based Payment Modifier (VM) and Physician Feedback Reporting Program, updates to the Physician Compare website, and the Electronic Health Record (EHR) Incentive Program. Also included in the rule is the potential expansion of the Comprehensive Primary Care Initiative (CPC).