CMS Releases Updated 2016 Medicare Physician Fee Schedule

CMS posted the revised 2016 Medicare Physician Fee Schedule this week. Please note that the new conversion factor is 35.8043 instead of 35.8279 and there was a $0.19 reduction in the anesthesia national conversion factor. SymKey® can help adjudicate your claims from Jan. 1 forward whether you already processed your Medicare claims and need to reprocess them or if you held those claims and now need to reprice and post them for payment. For more information on how to use SymKey® to reduce your backlog and ensure a quick turnaround, contact HCIM Product Support at support@hcim.com or 888-454-0202, option 2.

The new fee schedule is dated 1/5/16: RVU16A [ZIP, 3MB]

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About HCIM

Since 2000, HealthCare Information Management, Inc. (HCIM) has delivered expert consulting services and robotic automation tools for small to mid-sized healthcare payer and managed care organizations. Our concierge consulting services include everything from core claims system procurement to go live, including configuration, migration, upgrades, reporting, benefits and fee schedules, user training, and project resourcing. We also offer strategic consulting in the areas of value based payments, population health, medical management, medical loss analysis and recovery, care management, provider contract modeling, data analytics, and business process reengineering/analysis.