Medicare Compliance & Reimbursement - 2016 Issue 3
Medicare Conversion Factor: CMS Makes A Small Technical Correction to the 2016 Conversion Factor
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Article Overview
This article covers a small CMS correction to the 2016 Medicare physician fee schedule conversion factor and explains why the change may matter for payment calculations. It is aimed at readers who follow Medicare reimbursement updates, including coders, billers, and revenue cycle staff, and it references a technical issue involving revised utilization data inputs.
Why This Topic Matters
Even a small change to the Medicare conversion factor can affect physician payment calculations across many services, so readers who work with Medicare reimbursement may need to revisit 2016 payment amounts.
What You Will Learn
- What CMS changed in the 2016 Medicare physician fee schedule conversion factor
- Why a technical correction to utilization data inputs can affect Medicare payment calculations
- Who may need to review updated Medicare reimbursement figures after a CMS correction
- How a small fee schedule update can influence payment recalculations
Who Should Read This
- Medical coders
- Medical billers
- Revenue cycle staff
- Physician practices
- Emergency department billing professionals
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