Physician Medicare fee schedule released

Written by Reed Tinsley | November 2, 2006

From Part B News:

CMS has just announced minutes ago that the 2007 final physician fee schedule will be in the Dec. 1, 2006 Federal Register and it contains a 2007 conversion factor of $35.9848 -- a 5% reduction from the current CF.

That cut is slightly less than the 5.1% conversion factor cut predicted in the proposed fee schedule last August.

However, a 5% cut is significant and will take effect Jan. 1, 2007, unless Congress acts in a lame-duck session to erase the cut.

Medicare expects to spend $61.5 billion on Part B Services in 2007, which is 6.8% more than the $57.6 billion that the agency anticipates spending this year.

The final fee schedule also provides a boost in pay for some E/M services.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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