Outpatient Facility Coding Alert - 2020 Issue 11
Physician Fee Schedule: Prepare for Large 2021 Conversion Factor Cut
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Article Overview
This piece summarizes the 2021 Medicare Physician Fee Schedule proposed rule and its expected effects on physician reimbursement, with emphasis on specialty payment impacts, budget neutrality, and temporary supervision policies during the COVID-19 public health emergency. It is relevant to physicians, surgeons, coders, compliance staff, and practice leaders who need to understand proposed Medicare payment changes and the timing of final rule publication.
Why This Topic Matters
The article helps readers anticipate Medicare payment shifts that may affect practice revenue, especially for surgical and procedural specialties. It also highlights temporary supervision policy changes that could influence operational planning during the pandemic period.
Article Sections
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Shift in Conversion Factor
Overview of proposed Medicare Physician Fee Schedule payment changes and their expected effect on physician reimbursement. Includes discussion of budget neutrality, relative value units, and specialty-level payment impact trends.
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Supervision Updates Are Extended
Summary of proposed temporary supervision policy changes tied to the public health emergency. Covers virtual supervision, teaching physician oversight, and the planned timeframe for the policy update.
What You Will Learn
- What the 2021 Medicare Physician Fee Schedule proposed rule addresses
- How the proposed payment update may affect physician reimbursement broadly
- Which specialty groups are expected to see notable Medicare payment changes
- What temporary supervision policy changes are being extended during the public health emergency
- When the proposed rule and final rule are expected to be published
Who Should Read This
- Physicians
- Surgeons
- Medical coders
- Practice managers
- Compliance staff
- Revenue cycle professionals
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